Technology, Communications & Digital Security · TCDS Musrefy Award 2026
Cybersecurity & Data Protection Award
Honours solutions that protect systems and data and reduce risks and threats.
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
-
15%
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
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
-
15%
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
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
-
15%
Critical vulnerability remediation
Share of critical vulnerabilities found on internet-facing systems in 2025 that were remediated within 15 days of discovery
Points
- 90 – < 100 % 100
- 75 – < 90 % 80
- 50 – < 75 % 50
- 0 – < 50 % 20
Evidence
Vulnerability management system report with discovery and fix dates
-
15%
Material breaches
Number of data breaches or material cyber incidents reportable to the regulator during 2025
Points
- ≥ 2 0
- 1 – < 2 50
- 0 – < 1 100
Evidence
Declaration by the CISO and the log of reports filed with the regulator
-
15%
Independent assessment result
Result of the latest independent assessment within 24 months against the regulator's cybersecurity framework or ISO/IEC 27001
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
-
15%
Red-team exercise
An advanced attack simulation by an independent firm during 2025, with all critical findings closed
Points
- Exercise done and critical findings closed100
- Not done or critical findings open0
Evidence
Exercise report summary from the firm and closure certificate
-
10%
Phishing simulation click rate
Share of staff who clicked the link in the last phishing simulation covering all staff in 2025
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
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Done
Nominations open
-
Upcoming
Nominations close
-
Upcoming
Judging starts
-
Upcoming
Judging ends
-
Upcoming
Results announced
Times are in Asia/Riyadh (UTC+03:00).
Results
Results are announced only after final approval.