With the emergence of cyber-attacks on financial institutions and the threat that it holds towards financial stability of the system, Qatar Central Bank (QCB) has established a dedicated cyber security function to guide financial institutions and help them in protecting the underlying information infrastructure from potential threats, and maintain a high level of cyber resilience.
This function focused at developing the fundamental elements of a cyber-security program, starting with the governance component among six key domains of cyber security pillars, the QCB said in its 10th Financial Stability Review (FSR).
These key domains include governance, threat intelligence, security operations, security architecture, risk management, and cyber security capabilities development.
This comprehensive cyber security program, QCB said, will provide it and the financial sector with a “unique visibility” on cyber risks and threat actors.
As part of this programme, QCB is collaborating with different stakeholders including some academic institutions to share knowledge and experience in the cyber security field.
Furthermore, as part of the threat intelligence, and risk management…
