Workshop on cyber risks, combating financial crimes held in Sanaa

SANAA, July 31 (YPA) – A workshop on cyber risks and ways to protect against cyberattacks and financial crimes was held in the capital Sanaa on Thursday.

The workshop, attended by 40 representatives from banks, e-wallets, and insurance companies, discussed topics related to enhancing cybersecurity awareness among banking sector employees.

It also focused on educating individuals and financial institutions on the various threats posed by cyberattacks and how to mitigate them.

The workshop typically covered topics like identifying potential risks, implementing security measures, and developing a response plan for when a breach occurs.

At the opening ceremony, Wadih Al-Sada, Head of the Information Collection Unit at the Sanaa-based Central Bank of Yemen and Vice Chairman of the National Anti-Money Laundering Committee, noted that the workshop aimed to update and develop the defense and protection systems used by banks and financial institutions in the field of cybersecurity, for keeping pace with the development of new methods and mechanisms of hacking and fraud.

He emphasized the importance of enhancing the awareness and capacity of the workforce regarding cybersecurity, as they are the most effective and responsible element for protecting the information and privacy of bank data from cyber threats and risks and closing security gaps.

Al-Sada explained that the technology sector has become the driver of banking operations, and that technological risks have become greater than credit risks.

The workshop was organized by the Yemeni Banks Association.

AA