Africa-Press – Angola. The Angolan financial system records a daily average of 250 attempted cyber attacks, corresponding to a 28.5% decrease in the volume of attempts suffered, according to internally defined indicators.
The data was presented this Wednesday, in Luanda, by the governor of the National Bank of Angola (BNA), Manuel Tiago Dias, at the opening of the II edition of the institution’s conference cycle on “Cybersecurity in the Angolan Financial System”.
There is a decrease compared to the 350 attempts recorded last year.
The reduction in cases, he said, is the result of the implementation of mitigating measures in information systems.
He considered that the sophistication of attempted attacks raises the need for constant improvements to the cybersecurity systems of all institutions in the national financial system.
“The financial system and banks in particular, due to the preponderant role they play in the economy, are preferential targets for criminals who persistently try to gain access, fraudulently, to the institutions’ computer systems,” he highlighted.
According to the governor, the threats in question affect, on a large scale, the financial system, with emphasis on the banking sector.
He added that, within the scope of the Strategic Plan for the period 2023-2028, the BNA is greatly strengthening the cybersecurity pillars, implementing innovative processes and technologies, using artificial intelligence, to which is added a strong investment in the experts, for ways to reinforce the confidence of participants in the financial system.
In the regulation chapter, he mentioned that normative instruments are being designed that aim to adapt current regulations to the dynamics that the national and international cyber environment imposes, boosting the exchange of information between financial institutions and beyond.
Likewise, helping to deal with cyber incidents whose motivations and impacts can change the national scale.
It recognized that mechanisms related to cybersecurity have become indispensable for organizations, with a view to preventing the invasion of their infrastructures, including the theft and compromise of data and avoiding financial, reputational, operational and strategic losses, which can negatively affect the business or the fulfillment of the organizational mission.
In this sense, it considers that the treatment of cyber risks must be based on constant investment in investments that meet predictive, preventive and corrective measures, in a proportion that guarantees the safeguarding of that made in business support technologies.
This seeks to ensure the stability and reputation of the financial system, thus promoting trust and contributing to the reinforcement of financial inclusion.
During the conference, national and international experts shared experience in matters of sectoral security incidents and the impact of ransomware (malicious software) in the context of the country’s financial system.
The meeting brought together representatives from commercial banks, ministerial departments, the Financial System Supervisors Council, the companies Deloitte, Microsoft, PwC, the Capital Market Commission (CMC), experts from the Bank of Portugal (BdP) and academics.
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