The State Bank of Pakistan has introduced “Cyber Shield” to strengthen the banking system and protect consumers.
Under its Vision 2028 agenda, the State Bank of Pakistan (SBP) has announced the launch of “Cyber Shield – Cyber Resilience Strategy for Regulated Entities,” a major initiative aimed at further enhancing the security and resilience of the country’s banking and financial system.
The strategy has been designed to provide banks and financial institutions with stronger protection against cyber threats, ensuring that individuals and businesses can continue to access financial services securely.
It offers a clear roadmap to help institutions strengthen their systems and controls, prevent cyber incidents, respond swiftly in case of an attack, and effectively manage and recover from such events.
Given the increasingly sophisticated cyber threats facing the banking ecosystem, the strategy seeks to reinforce cyber defenses of regulated entities through a collective, forward-looking, and coordinated approach.
It focuses on five key priorities: enhancing banks’ capacity to manage cyber risks, improving cybersecurity governance and accountability, promoting sector-wide collaboration and information sharing, developing skilled cyber talent, and continuously modernizing security practices to address emerging threats.
