Central Bank of Egypt hosts Central Bank of Kenya delegation for EG-FinCIRT-focused cybersecurity cooperation

The Central Bank of Egypt announced that it hosted a high-level delegation from the Central Bank of Kenya for a three-day technical visit focused on the Central Bank of Egypt’s Cybersecurity Sector and the Egypt Financial Computing Incident Response Team (EG-FinCIRT), with the aim of exchanging cybersecurity expertise and showcasing EG-FinCIRT’s operating model. The delegation included five specialists from the technical team of the Central Bank of Kenya’s Banking Sector Security Operations Center. Discussions covered approaches to detecting and responding to security threats, methods for identifying and addressing vulnerabilities and breaches with a focus on FinTech, how financial institutions align with global cybersecurity frameworks and standards, and procedures for issuing licences and accreditations for FinTech applications and technical solutions. The update also highlighted EG-FinCIRT’s role in coordinating with incident response technical teams at regional and international levels. Looking ahead, the Central Bank of Kenya plans to develop and implement an integrated financial-sector cybersecurity strategy in the coming years, modelled on Egypt’s approach, including establishing a dedicated cyber incident response team for the banking and financial sector, developing a regularly updated regulatory cybersecurity framework, and reviewing the security measures of applications and digital technology systems before granting approval for their use.