By BUUMBA CHIMBULUGUIDELINES to enhance mitigation of risks that come with innovation while protecting the financial sector from fraudsters have been issued by the Bank of Zambia (BoZ).The cyber and information risk management guidelines provide minimum requirements to help enhance the management of risks that come with innovation such as cyber risk.This is according to the BoZ acting Assistant Director-Examinations and Surveillance Bank Supervision Department, Beatrice Kalale.Ms Kalale speaking in Lusaka yesterday at the launch of the United Bank for Africa (UBA) Zambia’s Industrial branch stressed the importance of collective efforts to guard the financial sector from fraudsters.She said doing so would promote public confidence in the sector that would in turn stir increased participation.She noted that the opening of the UBA Zambia branch provided an opportunity to the institution to engage customers and raise awareness on the safe use of technology, especially as it related to banking services.“The evolution of the financial sector provides […]
