The agency warned that there is a lack of binding regulations and data on cyberattacks. Weak governance in the matter does not help either. Emerging countries and financial institutions that began teleworking after the Covid-19 pandemic are more at risk.

The International Monetary Fund (IMF) warned that cyberattacks on financial entities are growing and that there is a lack of global and local policies to face them. The multilateral credit body evaluated the cybersecurity status for the first time due to the potential damage from cyberattacks to the financial sector. The analysis was presented at a conference held on Wednesday 10th together with the Institute of International Finance (IIF) in Washington. Additionally, it appeared in its semiannual report on financial risks.

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IMF alert: cyber attacks on financial system increase and lack of policies to face challenge

The agency warned that there is a lack of binding regulations and data on cyberattacks. Weak governance in the matter does not help either. Emerging countries and financial institutions that began teleworking after the Covid-19 pandemic are more at risk.

MORE ANALYSIS

The geopolitics behind Costa Rica's National Cybersecurity Strategy

After a cyberattack in April 2022, the Central American country issued its National Cybersecurity Strategy, relaunched its CSIRT and excluded Chinese providers from the 5G tender.

The first cleaning of the intervened Enacom went straight to the ANRs

The focus was on the Non-Reimbursable Contributions not yet executed and also on the decisions of the last Enacom board meeting under the previous administration, which resulted in the approval of more than 350 files.

Panama goes to the presidential election in a framework of high uncertainty

Cosmas Zavazava: More resilient approaches needed in an increasingly volatile digital world

The Director of Telecommunication Development of the ITU spoke with Convergencia about the objectives in Latin America of the Acceleration Centers Network and the Innovation and Entrepreneurship and Digital Development Alliance.

What will be the sector's agenda after the repeal of DNU 690?

Representatives from various associations representing ICT companies agreed that the repeal of the decree is positive and that this will mark the beginning of a new stage. However, politicians warn that without regulation, the law of the jungle will prevail in a highly concentrated market.

A DIARIO LATINO 16-05-2024

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