Luanda: The National Bank of Angola (BNA) has announced that it is in the final stages of developing a cybersecurity regulatory framework aimed at effectively managing, supervising, and combating cyberattacks targeting financial institutions within the nation. Speaking at the 9th Banking Supervision Meeting of the Community of Portuguese-Speaking Countries (CPLP), BNA Deputy Governor Domingos Pedro revealed that the framework is nearing completion.
According to Angola Press News Agency, the framework is designed to address the increasing threat of international cyberattacks, a concern that Angola is not immune to. Pedro assured attendees that the new framework would soon be made available to both financial institutions and the public. He emphasized the central bank’s ongoing collaboration with financial institutions to bolster their internal security and information systems, noting that an attack on one entity raises preventive alarms for others.
Pedro highlighted that Angola has enacted a series of reforms in recent years, aligning with international best practices to boost confidence in the financial system. He acknowledged the varied stages of cybersecurity development among CPLP countries, each facing unique realities and challenges. Despite these differences, Pedro pointed out that cyber risk presents common challenges, necessitating continuous, focused attention from regulators and supervisors to ensure the financial system operates on solid, secure, and effective principles.
The Banking Supervision Meeting serves as a platform for knowledge sharing and experience exchange among supervisors, contributing to the financial robustness and stability of community countries. The 9th edition of the meeting, spanning two days, gathers central bank officials from eight countries to discuss topics including artificial intelligence, cyber risk, money laundering, and terrorism financing.
