CIBAFI – Darktrace Webinar on Cybersecurity: A Rising Risk with Important Implications on the Financial Sector’s Resilience

The current situation on COVID-19 pandemic has accelerated the digitalization process and pushed many financial institutions to rely more on technology in order to run their operations. This action may however expose these institutions to cybercrimes and without proper procedures and systems, financial institutions may find themselves in danger.

CIBAFI Global Islamic Bankers’ Survey (GIBS) 2020 Report revealed that cybersecurity risk and technology risk appear strongly as the top risks for Islamic banks. This indicates that the Islamic financial institutions are aware of the importance of the challenges/risks associated with technologies. These facts encouraged CIBAFI and Darktrace to jointly organize this webinar that will look at the different risks and challenges associated with technology’s adoption with a focus on cybersecurity. It also aims to highlight some good practices and international measures deployed to fight cyberattacks.

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