Tarek Amer: The private sector provides 24 million jobs in Egypt

Governor of the Central Bank of Egypt, Tarek Amer, said the bank’s support for the private sector aims not only to support and sustain business people, but to preserve 24 million jobs provided by the private sector. in Egypt.

He explained during the activities of the first Arab Banking Forum for Cyber ​​Security, organized by the Union of Arab Banks in collaboration with the Central Bank of Egypt and the Federation of Egyptian Banks, which under the supervision of the Supreme Payments Council, led by the President of the Republic, developed an integrated cybersecurity strategy that keeps pace with the subsequent developments of the digital technology.

Amer pointed out that the Central Bank of Egypt began paying attention to cybersecurity years ago through the bank’s top-level experts and relevant sectors.

He added: “We cannot allow events to precede us, but we must work through proactive measures in this vital field, and hence the banking sector witnessed the creation of the first cybersecurity unit in Egypt which includes competences at the highest level recognized at regional and international level “.

He said the Central Bank is working through its authorities to ensure that the cybersecurity sectors of all banks operating in Egypt are at the level required to address any cyber threats, in particularly with the growing volume of digital financial transactions in the Egyptian market, which reached more than a billion transactions last year, worth around £ 2.8 trillion.

He added: “The positive results achieved by the Central Bank at the national economy level are the result of institutional work, constructive cooperation with the government, partnerships with international institutions and the adoption of an information and transparency policy. With a priority that aims to keep prices low and unemployment levels low.

The forum will be attended by more than 250 experts from Egyptian and Arab banks and some companies specialized in the field of cyber security. The conference aims to deepen the knowledge and develop the skills of workers in the field of cybersecurity in Arab banks with the necessary means, tools, techniques and control systems; To counter cyber threats and electronic attacks, in particularly with the growing reliance on digital financial technology.

The forum is a unique opportunity to benefit from the exchange of experience between officials and specialized experts in this field at the regional and international level, which leads to increasing the efficiency of the Arab banking system and keeping pace with the acceleration of global developments in the field of financial technology.

The forum will discuss a number of important cybersecurity issues, in first including strengthening the cybersecurity position in banks, readiness to respond to incidents and the shift to respond to proactive intelligence, intelligence threat detection, cybersecurity risk management by a third party, the evolution of cyber attacks and malware detection and response, as well as frameworks and standard international cybersecurity.

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