Zambia is set to host Southern Africa banking and ICT summit 2015, in efforts meant to curb increased incidences of Cyber crime within Africa’s financial institutions.
Government Agencies and private sector have received a boost with the planned Southern Africa Banking and ICT Summit set for April, 30th , 2015 at Intercontinental Hotel Lusaka Zambia reads a statement by Cyber Security Africa.
The one-day meeting, organized by Cyber Security Africa and industry stakeholders, is designed to highlight key Information Technology (IT) advancement and threats affecting financial institutions, government agencies as well as public and private organizations in their operations.
The Summit comes against a backdrop of the much needed front line measures required to protect infrastructure within organizations and systems from the current IT-related threats as a key strategic priority, with cyber attack identified as a top tier risk over the coming years.
According to the statement, Banking and ICT Summit will bring together key stakeholders from the governments, law enforcement agencies, financial institutions and leading ICT experts to help in finding a lasting solution to address cyber crime.
Target participants include Bank Managers, Risk and Compliance, Internal IT Auditors, IT Security Managers, Cyber Crime personnel in the law enforcement units, ICT Managers and those responsible for development of ICT and IT Security policies and procedures within their respective organizations.
The meeting comes a time when various system improvements adopted by organizations in the African Continent to rein in high rates of fraud have proved futile as fraudsters have become increasingly smarter, skimming out larger amounts from target banks.
Banks and Government agencies have become the most affected in the scams, with a recent industry survey conducted on banks in Kenya, Rwanda, Uganda, Tanzania and Zambia indicating that threats like hacking, malicious insiders, card skimming, electronic files manipulation, IT controls circumvention, unauthorized penetration and careless employees have surged as new digitalization system of Government agencies and new core banking systems intended for enhanced IT security become more expensive to acquire and deploy.
The event will help all players to identify the technical, environmental and business risks that could lead to service vulnerability, weaken consumer confidence and ultimately cause brand damage and serious revenue decline.
The workshop sessions will deliver ideas to help stakeholders articulate and implement appropriate risk management strategies, optimize internal processes and ensure that systems and hardware infrastructures are robust enough to mitigate risk, assure consumer confidence and maximize revenues.
Some of the key areas targeted in this campaign, which has been sponsored by IBM, NECOR, Banker Association of Zambia, ISACA Zambia Chapter, ICT Association of Zambia among other, include: Cyber security strategy to protect an interconnected world, Incident response, advanced, persistent threat, Digital forensic investigations and incident remediation, Protection of Critical Infrastructures, ICT Infrastructure security & testing, Network design solution and best practices, ATMs Security Solutions, Mobile banking Security solutions, Cards and payments Security solutions, IT security solutions / software, Data consolidation service providers,Enterprise Risk security, cloud and social networks,Core Banking solutions