Chamuke Menemiofoh’s Post

𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐂𝐲𝐛𝐞𝐫 𝐓𝐡𝐫𝐞𝐚𝐭𝐬 This course provides a structured framework for understanding and mitigating cyber risks within central banking operations. Participants will gain insights into: - Cyber resilience frameworks for FMIs and payment systems - Risk identification, assessment, and response planning - International regulatory standards (CPMI-IOSCO, FSB, Basel) 𝐓𝐚𝐫𝐠𝐞𝐭 𝐀𝐮𝐝𝐢𝐞𝐧𝐜𝐞: Central bank officials, payment system operators, risk and ICT managers, and financial sector regulators. 𝐋𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫: https://shorturl.at/SKzlX #IRESExperience #CyberSecurity #FinancialStability #CentralBanking #RiskManagement #PaymentSystems

Cybersecurity experts have warned that Nigerian banks and financial institutions must urgently raise their investments in digital security as the costs of cybercrime continue to escalate.

🏦 In Iran, one of the worst cyberattacks in the nation’s history shook the banking sector. 👉 A hacking group called IRLeaks targeted the financial system, hitting roughly 20 out of 29 credit institutions. Customer data, financial records, and critical systems were all exposed. The impact was so severe that reports suggest the government paid a ransom to contain the fallout. What stands out isn’t just the scale—it’s how a coordinated cyberattack can destabilize an entire country’s financial backbone. 💡 Key lessons from this incident: Financial Institutions Are Prime Targets — Banks remain high-value for attackers. Widespread Impact Is Possible — Multiple institutions can be compromised at once. Ransomware Pressure is Real — Even governments may be forced to negotiate. Resilience is Critical — Backup systems, segmentation, and strong response plans are essential. This wasn’t just about banks losing data. It was about public trust in the financial system being shaken at its core. Question: If your country’s banking network was hit tomorrow, how resilient would it be? #CyberSecurity #BankingSecurity #Ransomware #RiskManagement #DataBreach

European Securities and Markets Authority (ESMA) flags rising cyber and operational risks for European market  Regulator points to Iberian blackout and T2S disruption as reminders of systemic fragility. https://lnkd.in/ep7pyt2V

🪙 "Tokenized monetary units would also introduce new risks to the international monetary system. The risks include various forms of #cybersecurity risk, threats to monetary sovereignty, & risks of forced sales of reserve assets of stablecoin issuers in the event of de-pegging or failure of the issuing companies, which would transmit turmoil through financial markets". 🔗Read now: https://lnkd.in/g8KsnzbD

Most teams at financial institutions think their file transfers are secure — until an audit exposes hidden vulnerabilities or, worse, a breach makes them the next cautionary tale. In the past year alone, 97% of top banks in the United States reported third-party breaches. That’s why financial institutions need to address these three critical risks before it’s too late: ⚠️ Compliance blind spots that put financial data at risk ⚠️ The security gaps hackers love to exploit ⚠️ Why a fragmented approach to file transfers creates more risk than protection Strengthen your security before vulnerabilities become a problem. Download the guide now: https://okt.to/fIrdWv #MFT #BreachPrevention #Finance #FileTransfers

Financial Institution data breaches are costly bringing on a financial tsunami; ransom fees, legal fees, loss of business, reputational damage. On top of that, just because you pay to get your data back, doesn't mean cybercriminals aren't selling your sensitive data to other cybercriminals. "In the past year alone, 97% of top banks in the US reported third-party breaches." This stat is insane. File transfers are critical to businesses but organizations continue to leverage insecure Managed File Transfer platforms. This goes beyond encrypting files in transit, authentication, or role based access control. JSCAPE takes this a step further and focuses on the uncommon security practices ensuring your systems and data are safe, and most importantly, keeping your business out of the news.

In a rapidly changing financial landscape, 80% of Brits fear a rise in bank fraud and cyber-attacks by 2030. Explore the implications for banks and insurers. Read more: https://wix.to/eM5CZ1Y @CRIF_UK #BankingTrends #CyberSecurity

The Treasury breach wasn’t just a cybersecurity failure; it was a governance wake-up call. Banks and fintechs can’t afford to treat third-party risk like a checkbox. This piece breaks down what went wrong, what regulators are watching, and how operational maturity can close the gap. If your compliance program doesn’t include vendor behavior, data flow mapping, and breach response drills—you’re not ready. 📉 Risk isn’t just technical. It’s systemic. #CyberGovernance #ComplianceLeadership #FintechSecurity #RegulatoryRisk #ComplyIQ https://lnkd.in/g2VGaTbZ

Strengthening the cyber defenses of financial institutions is no longer optional. With our LIVE ATTACK SIMULATION platform, banks and financial institutions can proactively test and train their SOC and IR teams, ensuring they’re ready to face evolving cyber threats. #CyberDefense #IncidentResponse #ThreatIntelligence #TalentUnlimited