Cybercrime Threats on the Rise in Monaco’s Finance Industry
As the financial hub of Europe, Monaco has become a prime target for cybercriminals seeking to exploit vulnerabilities in the industry. According to experts, the rise of digital transactions and online banking has created a lucrative opportunity for hackers to steal sensitive information and disrupt financial services.
Combating Cybercrime: The Private Sovereign Security Operations Centre
To combat this growing threat, the Monegasque government has unveiled its private sovereign security operations centre at the Assises de la cybersécurité conference held at the Grimaldi Forum. The new centre is part of the country’s digital transformation strategy, which prioritizes security as a key factor in Monaco’s attractiveness.
What to Expect from the Centre
The centre, operated by Monaco Cyber Sécurité and SEKOIA.IO, will serve as a hub for cybersecurity monitoring and intervention, detecting and processing IT security incidents in real-time. The centre’s services are based on two key technologies:
- Monaco Cloud: a sovereign cloud platform that protects customer data and ensures it remains within the Principality’s secure borders
- Sekoia.io’s eXtended Detection and Response (XDR) platform, powered by proprietary cyber threat intelligence
Enhancing Digital Security in Monaco
The centre aims to enhance the overall level of digital security in Monaco by using trusted solutions to respond to daily cyber threats. According to Frédéric Fautrier, Director of the Monaco Cyber Security Agency, “This initiative will help maintain a safer digital environment in the Principality. Security is part of Monaco’s DNA, and we are committed to protecting our businesses and citizens from cyber threats.”
A Comprehensive Solution for Companies
The centre offers a range of services and solutions tailored to meet the needs of companies of all sizes, providing a comprehensive and adaptable solution to protect information systems from various threats.
“We are proud to launch our sovereign SOC offer and contribute to the government’s strategy to make Monaco a strong and secure digital environment,” said Sébastien Massé, CEO of Monaco Cyber Sécurité. “We want our offer to be a real asset for Monegasque and international companies, allowing them to protect themselves more effectively against cyber attacks.”
Conclusion
The private sovereign security operations centre is an important step in Monaco’s efforts to maintain a secure digital environment. With its cutting-edge technology and trusted solutions, the centre aims to provide a comprehensive and adaptable solution to protect information systems from various threats. By prioritizing security as a key factor in its attractiveness, Monaco demonstrates its commitment to protecting its businesses and citizens from cybercrime.