The Central Bank of Kenya (CBK) has established the Banking Sector Cybersecurity Operations Centre (BS-SOC)to coordinate the fight against rising cases of fraud in the banking industry.
The CBK says the new unit will “provide critical services such as Cyber Threat Intelligence, Incident Response, Digital Forensics, and Cyber Investigations.”
The CBK is reminding commercial banks to report all cyber cases.
“All regulated institutions must continue to comply with both sets of the requirements simultaneously and are mandated to report cybersecurity incidents to the BS- SOC within stipulated timelines under the CMCA Regulations,” says the Central Bank of Kenya in a statement.
The CBK says “successful implementation of this initiative requires the full collaboration and cooperation of all stakeholders” to enhance the resilience of the banking sector against the significant and persistent challenges posed by sophisticated cyber threat actors.