Egypt’s Financial Institutions Face Growing Cybersecurity Risks
A Call to Action for a Tailored Cybersecurity Framework
The Central Bank of Egypt (CBE) has identified key areas of focus for a tailored cybersecurity framework aimed at bolstering the financial sector’s cybersecurity posture. This framework serves as foundational guidance for cybersecurity capability development, incorporating best practices and controls to mitigate risks.
Tripwire Enterprise: A Proven Solution for Compliance
To ensure compliance with the Egypt Financial Cybersecurity Framework (CBE), Tripwire Enterprise provides a comprehensive security solution that assesses configurations against internal and external security standards, benchmarks, and industry regulations. The platform offers broad policy support, including:
- PCI
- CIS
- HIPAA
- NERC CIP
- SOX
- COBIT
- DISA STIGs
Key Components of the Egypt Financial Cybersecurity Framework
The following are key components of the framework that Tripwire Enterprise addresses:
Identity and Access Management
Provisioning or revoking access for users and systems to operate on the organization’s enterprise.
Data Protection and Privacy
Protecting the availability, integrity, and privacy of data.
Application Security
Reducing systemic risk exposure from software applications required to support business operations.
Endpoint Security
Protecting servers, desktops, and workstations used by employees, third parties, and contractors.
Network Security
Protecting data in transit and limiting access to only authorized endpoints.
Digital Channels
Supporting security controls needed to protect against threats in today’s digital economy.
Cloud Security
Addressing unique risks posed by using Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), or Software-as-a-Service (SaaS) cloud computing offerings.
Tripwire Enterprise Meets Egypt Financial Cybersecurity Framework Requirements
Tripwire Enterprise’s comprehensive security solution meets the requirements of the Egypt Financial Cybersecurity Framework, providing:
Identity and Access Management
Ensures only authorized users have access to sensitive systems and data.
Data Protection and Privacy
Protects against unauthorized changes and data breaches.
Application Security
Reduces systemic risk exposure from software applications required to support business operations.
Endpoint Security
Prevents malware infections, command and control activity, data exfiltration, ransomware/data destruction, privilege escalation, and lateral movement.
Network Security
Protects against unauthorized access, network reconnaissance, malware infections, command and control activity, data exfiltration, and ransomware/data destruction.
Conclusion
Tripwire Enterprise is a proven solution for compliance with the Egypt Financial Cybersecurity Framework. By ensuring compliance with industry regulations and best practices, organizations can reduce risk, improve security posture, and protect sensitive data.