Central Bank of Eswatini Governor Dr Phil Mnisi used a keynote address at the Cybersecurity Awareness Month launch to position cybersecurity as foundational to trust in the financial sector and to financial stability, and highlighted the issuance of cybersecurity and cloud computing guidelines that set minimum standards for financial institutions. He warned that cybercrime can cause significant financial losses, high recovery costs and potential systemic risk, arguing that a loss of trust in digital security can undermine the stability of the financial system in a way comparable to weaknesses in liquidity or capital. Supervisory frameworks are being strengthened to ensure banks and fintechs adopt risk-based approaches to managing cyber threats, while Prime Minister Russell Mmiso Dlamini described cybersecurity as a national priority linked to national, economic and personal security.
Central Bank of Eswatini 2025-10-07
Central Bank of Eswatini Governor sets out cybersecure banking priorities and points to cybersecurity and cloud computing guidelines
Central Bank of Eswatini Governor Dr. Phil Mnisi emphasized cybersecurity's importance to financial trust and stability, announcing new guidelines for cybersecurity and cloud computing standards for financial institutions. He highlighted cybercrime risks, including financial losses and systemic threats, and noted efforts to strengthen supervisory frameworks for banks and fintechs. Prime Minister Russell Mmiso Dlamini underscored cybersecurity as a national priority.