A Monetary Business Command Safety Operations Centre (FICSOC) has been opened by the Financial institution of Ghana.
Talking on the official commissioning of the middle, Financial institution of Ghana president Ernest Addison claimed the “venture will assist present real-time visibility into cyber threats and assaults concentrating on the banking sector.”
The financial institution and Ghana’s Cyber Safety Authority have labored collectively to enhance the nationwide cybersecurity posture within the banking sector within the nation, Addison mentioned — and in the course of the conversations it turned clear that the Financial institution of Ghana wanted to ascertain a safety info and occasion administration (SIEM) system to ship logs, alerts, mixture info, and studies, and to allow risk intelligence sharing with different banks to enhance their incident response mechanisms.
“Financial institution of Ghana was very a lot conscious of the elevated cybersecurity dangers within the monetary sector,” Addison mentioned. “This FICSOC venture is a key part of the programs and we now have to cope with the challenges of cybersecurity. This venture will assist present real-time visibility into cyber threats and assaults concentrating on the banking sector.”
The hope is that the facility will turn into one of many high nationwide safety amenities within the nation and contribute to enhancing cybersecurity points amongst monetary sector establishments, in response to Ghanaian Vice President Mahamudu Bawumia, who formally opened the SOC in a ribbon-cutting occasion this week.
“The commissioning of this necessary edifice and infrastructure, which I perceive is the primary of its sort funded and owned by a Central Financial institution in Africa, is a exceptional feat by the Financial institution of Ghana,” Bawumia advised Ghana Today. “It’s certainly that very quickly, different central banks within the sub-region will go to the Financial institution of Ghana to understudy your strategy to cybersecurity protection within the monetary sector.”