The Superintendency of Banks of the Dominican Republic held its first Congress on Cybersecurity Supervision on “Resilience and Trust in the Financial Sector”, emphasising the need to optimise monitoring systems and strengthen data protection across the banking system. The event brought together supervised entities and national and international cybersecurity specialists to underline that protecting systems and data must be a continuous effort to mitigate risk. The Superintendency’s Information Security Director, James Pichardo, stressed ongoing testing and analysis as a core element of financial resilience, particularly as attack techniques evolve rapidly, and warned that compliance with existing rules and protocols does not eliminate vulnerability to cybercrime. Trellix security platform leader Stephen Fallas framed a resilience-based approach as the ability to resist, adapt and recover, and recommended interconnecting different defence structures for critical assets to enable coordinated and automated responses. The Superintendency’s Deputy Director for Information Security, Juan Daniel Pujols, outlined cybercrime trends affecting financial intermediation entities and cited estimates that the average cost of a bank security breach in 2025 is about USD 6 million per incident.
Superintencencia de Bancos de la Republica Dominicana 2025-11-20
Superintendency of Banks of the Dominican Republic convenes first cybersecurity supervision congress focused on resilience and data protection
The Superintendency of Banks of the Dominican Republic hosted its inaugural Congress on Cybersecurity Supervision, focusing on enhancing monitoring systems and data protection in the financial sector. Key discussions highlighted the importance of continuous testing and analysis for financial resilience against evolving cyber threats, emphasizing interconnected defence structures for coordinated responses. The event noted that the average cost of a bank security breach in 2025 is estimated at USD 6 million per incident.