The Financial Superintendence of Colombia published a press release summarising remarks by its Deputy Superintendent for Operational Risk and Cybersecurity, Francisco Espinosa, during a World Investor Week panel on efforts to combat fraud and scams in Colombia’s digital ecosystem. The update highlighted a supervisory and regulatory focus on consumer protection and reported that the authority has recently made available to financial institutions an artificial intelligence (AI)-powered system to assess cybersecurity maturity and identify vulnerabilities on firms’ websites. In outlining the context for these measures, Espinosa pointed to a shift over 20 years from 65% in-person transactions to 82% virtual transactions. He referenced key elements the supervisor has promoted in recent years, including implementation of the System for the Administration of Operational Risk (SARO) since 2007, cybersecurity regulation based on the international NICE standard since 2018, and more recent use of AI and big data tools for supervision and risk control, positioned within the authority’s strategic “Digital Supervision” project.
Superintendencia Financiera de Colombia 2025-10-22
Financial Superintendence of Colombia makes available an AI system to help supervised firms assess cybersecurity maturity and counter digital fraud
The Financial Superintendence of Colombia emphasized consumer protection and cybersecurity at a World Investor Week panel. Deputy Superintendent Francisco Espinosa discussed the shift to virtual transactions and an AI-powered system for assessing cybersecurity maturity. Key initiatives include the System for the Administration of Operational Risk (SARO), cybersecurity regulation based on the NICE standard, and the "Digital Supervision" project.