Karachi, Pakistan (HRNW) The State Bank of Pakistan today announced the launch of “Cyber Shield – Cyber Resilience Strategy for Regulated Entities” under its Vision 2028 agenda. The initiative aims to enhance the security and resilience of the country’s banking and financial system.
The strategy is designed to provide banks and financial institutions with stronger protection against cyber threats, ensuring that both individual consumers and businesses can safely access financial services. It provides a clear roadmap for financial institutions to strengthen their systems and controls, prevent cyber incidents, respond quickly in case of threats, and effectively manage any such events.
Given the modern cyber challenges facing banking ecosystems, the strategy seeks to build a collective, forward-looking, and coordinated cyber defense for regulated entities. It focuses on five key priorities:
- Enhancing banks’ capacity to manage cyber risks
- Improving cybersecurity governance and accountability
- Encouraging collaboration and information sharing across the financial sector
- Developing skilled cyber talent
- Continuously updating security measures to address emerging threats
The State Bank will closely monitor both global and national cyber developments and update the strategy as needed to address emerging risks. The goal is to strengthen cyber resilience across the banking sector, protect consumers, provide a secure environment for digital innovation, and ensure financial stability.
For more details, visit:
https://www.sbp.org.pk/CRMD/2026/CL01.htm
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