Urging banks to enhance their capabilities in "cybersecurity" in accordance with the best international standards
The Central Bank is organizing a workshop to simulate a cyber attack on the banking sector
Al-Markazi: The training workshop was organized in cooperation with the Federation of Emirates Banks.
The Central Bank organized a workshop, the first of its kind, to simulate cyber attacks, pointing out that the workshop was designed to test the resilience of the banking sector in the country and its immunity to any potential cyber attacks.
"The Central Bank" stated in a statement yesterday that this training workshop came to confirm the readiness of the Central Bank to reduce the risks of electronic threats that may lead to disturbances that would affect financial and economic stability.
He added that the workshop was organized in cooperation with the Federation of Emirates Banks, indicating that this initiative falls under the responsibilities of the Central Bank to ensure the stability and resilience of the financial system in the country, through the application of advanced procedures and systems that can deal with cyber attacks, to ensure the protection of the banking system’s functioning and safety.
He emphasized that realistic scenarios were presented to the participating banks to evaluate and apply crisis management strategies at the level of the banking sector.
The Central Bank urged banks operating in the country to strengthen their immunity against similar attacks, and to continue developing their information technology infrastructure and cybersecurity capabilities, in accordance with best practices and international standards.
The Central Bank stated that it would continue cooperating with all workers in the sector, with the aim of enhancing its resilience and protecting the national financial system from threats.
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