Financial Crime World

Here is the rewritten article in Markdown format:

Cybersecurity Measures for Financial Institutions Take Center Stage at French-Speaking Central Banks Meeting

The Governor of the National Bank of Moldova (NBM), Anca Dragu, emphasized the importance of cybersecurity measures for financial institutions during a recent meeting of Governors of French-speaking central banks in Brussels. The gathering, titled “French-speaking central banks facing new challenges: what are the responses,” brought together top banking officials to discuss adapting to the evolving cyber threat landscape.

Importance of Cybersecurity

In her speech, Dragu highlighted the NBM’s heightened focus on cybersecurity amid the war in Ukraine and rising attacks on critical infrastructure in the region, including Moldova. She emphasized that the bank continuously monitors emerging threats and implements effective security solutions in line with international regulations.

Measures Taken by NBM

At the financial sector level, the NBM collaborates closely with supervised institutions to quickly respond to security incidents and prevent their recurrence. The Governor cited a range of measures taken by the NBM to adapt to changing cyber security norms, including:

  • Multi-level security checks
  • Alignment with European directives on information systems and networks
  • Digital operational resilience
  • Biometric authentication for critical equipment areas
  • Dual authentication for remote access

International Collaboration

The NBM also actively promotes sharing of emerging risk information, sector-specific attacks, and expertise needed to effectively manage these risks. The bank belongs to several international groups focused on financial sector cybersecurity, including:

  • Financial Services Intelligence Sharing and Analysis Centre (FS-ISAC)
  • Operational Security Situational Awareness Exchange (OSSAT) group of central banks
  • International Monetary Fund (IMF)
  • World Bank
  • European Banking Authority (EBA)
  • Bank for International Settlements (BIS)

Meeting Highlights

The meeting was hosted by Governor Pierre Wunsch of the National Bank of Belgium, with attendees including Governors from Luxembourg, Tunisia, Cambodia, Central African States, as well as representatives from the Bank of Canada and the European Central Bank (ECB).

I hope this helps! Let me know if you have any further requests.