State Bank Launches Cyber Shield for Bank Security

State Bank Cyber Shield aims to protect Pakistan’s banking and financial system from rising cyber threats. The central bank introduced this new strategy under its Vision 2028 agenda.

The State Bank announced the launch of “Cyber Shield – Cyber Resilience Strategy for Regulated Entities.” It designed this plan to improve security across banks and financial institutions.

The bank said the strategy will help financial institutions protect themselves from cyber risks. It will also ensure that people and businesses continue to access financial services safely and without disruption.

The central bank provided a clear roadmap to banks. It will help them strengthen their systems and internal controls. It will also improve their ability to prevent cyber incidents.

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If a cyber attack occurs, institutions will respond quickly. They will manage the situation effectively and reduce damage. The bank stated that modern banking systems face advanced and evolving cyber threats. Therefore, institutions must adopt a collective and forward-looking approach to cyber defense.

The strategy focuses on five key priorities. First, it will enhance banks’ ability to manage cyber risks. Second, it will improve cybersecurity governance and accountability. Third, it will promote cooperation and information sharing across the financial sector. Fourth, it will develop skilled cyber professionals. Fifth, it will continuously upgrade security practices to address new and emerging threats.

The State Bank will closely monitor both global and local cyber developments. It will update the strategy whenever needed to counter new risks.

The central bank aims to strengthen cyber resilience across the entire banking sector. It wants to protect consumers, support safe digital innovation, and ensure financial stability through the State Bank Cyber Shield.