Denny H Kalyalya: Cyber security in the financial services sector

Speech by Dr Denny H Kalyalya, Governor of the Bank of Zambia, at a workshop on "Cyber Security in the Financial Services Sector", jointly conducted by the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) and the Bank of Zambia, Lusaka, 6 May 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Salutations

I am honoured to welcome you all to this important workshop on "Cyber Security in the Financial Services Sector", which is being jointly conducted by the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) and the Bank of Zambia. This workshop aims to discuss financial sector vulnerabilities arising from cyber threats and risks and to develop the necessary skills and tools to make the sector resilient.

Let me take this opportunity to extend a special welcome to our facilitator Dr. Rukanda. I am sure the delegates will greatly benefit from your experience and vast knowledge on the subject.

Ladies and gentlemen, as you are all aware, Information and Communication Technology (ICT) have over the years permeated all aspects of our lives and in particular, have become the mainstay of the world's financial sector infrastructure.