Peru's Superintendency of Banking, Insurance and Pension Funds (SBS) convened senior officials from the Ministry of Economy and Finance, the Central Reserve Bank of Peru and the Superintendency of the Securities Market to review an International Monetary Fund (IMF) mission’s comprehensive proposal for a financial-sector cybersecurity strategy, as part of SBS-led implementation work supported by IMF technical assistance. Work on the strategy and the establishment of a monitoring committee spanning the four institutions has been underway since 2024, intended to coordinate cybersecurity initiatives across the financial sector as digital financial services expand and cyber threats rise. SBS noted that adult use of financial services has increased from 40% to 67% over the past five years, with digital wallets playing a prominent role. After the meeting, IMF experts began a training workshop for staff from the four authorities on technology trends, the evolving threat landscape, key elements of cyber-risk regulation, and supervisory approaches and tools based on international standards and good practices. The workshop runs until 27 June and concludes with a cyber crisis simulation exercise designed to test and strengthen coordination and response capacity for a large-scale incident.
Superintendencia de Banca, Seguros y AFP del Peru 2025-06-24
Peru's Superintendency of Banking, Insurance and Pension Funds moves to implement an IMF-supported financial-sector cybersecurity strategy
Peru's SBS convened officials to review an IMF proposal for a financial-sector cybersecurity strategy, supported by IMF technical assistance. The strategy aims to coordinate cybersecurity initiatives amid rising digital services and cyber threats. IMF experts are conducting a training workshop on technology trends, cyber-risk regulation, and supervisory approaches, concluding with a cyber crisis simulation exercise.