4 free views left View membership plans

Technology, Communications & Digital Security · TCDS Musrefy Award 2026

Cybersecurity & Data Protection Award

Honours solutions that protect systems and data and reduce risks and threats.

Apply

How this award is scored

Evaluation
100% automatic, from the data and evidence you submit
Minimum score to win
75 / 100
Measurement period
The last full financial year before nominations open (2025), compared with 2024 for growth measures

Who can apply

  • A licensed financial institution for its own security programme, or a cybersecurity solution or service provider serving licensed financial institutions
  • A provider reports its indicators for the financial clients it monitors or protects, with written consent from at least two clients
  • An independent information security function and a security policy approved by the board or senior management
  • No final material regulatory or judicial sanction against the nominee during the measurement period

Indicators and weights

  1. Mean time to detect

    Average hours between the start of a confirmed security incident (medium severity or above) and its detection during 2025, with the start time set by the forensic analysis; red or purple-team exercise scenarios are added to the incidents, and an entity with no confirmed incident reports the detection time measured in the exercise alone

    15%

    Points

    • ≥ 168 hours 10
    • 24 – < 168 hours 40
    • 1 – < 24 hours 75
    • 0 – < 1 hours 100

    Evidence

    Security operations centre report from the SIEM or incident system, and the exercise report

  2. Mean time to contain

    Average hours between detecting a confirmed security incident (medium severity or above) and containing it during 2025, with the same rule for using exercise scenarios when there were no incidents

    15%

    Points

    • ≥ 72 hours 10
    • 24 – < 72 hours 40
    • 4 – < 24 hours 70
    • 0 – < 4 hours 100

    Evidence

    Incident response log with timestamps, and the exercise report

  3. Critical vulnerability remediation

    Share of critical vulnerabilities found on internet-facing systems in 2025 that were remediated within 15 days of discovery

    15%

    Points

    • 90 – < 100 % 100
    • 75 – < 90 % 80
    • 50 – < 75 % 50
    • 0 – < 50 % 20

    Evidence

    Vulnerability management system report with discovery and fix dates

  4. Material breaches

    Number of data breaches or material cyber incidents reportable to the regulator during 2025

    15%

    Points

    • ≥ 2 0
    • 1 – < 2 50
    • 0 – < 1 100

    Evidence

    Declaration by the CISO and the log of reports filed with the regulator

  5. Independent assessment result

    Result of the latest independent assessment within 24 months against the regulator's cybersecurity framework or ISO/IEC 27001

    15%

    Points

    • Compliant with no major non-conformity100
    • Minor findings only, being remediated70
    • Major non-conformity open0

    Evidence

    Assessment report or certificate with the assessor's letter

  6. Red-team exercise

    An advanced attack simulation by an independent firm during 2025, with all critical findings closed

    15%

    Points

    • Exercise done and critical findings closed100
    • Not done or critical findings open0

    Evidence

    Exercise report summary from the firm and closure certificate

  7. Phishing simulation click rate

    Share of staff who clicked the link in the last phishing simulation covering all staff in 2025

    10%

    Points

    • 15 – < 100 % 10
    • 8 – < 15 % 40
    • 3 – < 8 % 70
    • 0 – < 3 % 100

    Evidence

    Simulation platform report with targets and clicks

Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.

Cycle timeline

  1. Done

    Nominations open

  2. Upcoming

    Nominations close

  3. Upcoming

    Judging starts

  4. Upcoming

    Judging ends

  5. Upcoming

    Results announced

Times are in Asia/Riyadh (UTC+03:00).

Results

Results are announced only after final approval.

Finalists and winners will appear here once the results have been approved and published.