AI: Collaboration across the financial sector remains essential - 2nd Dep Governor
institutions to move beyond compliance and focus on resilience to strengthen their ability to anticipate threats
Matilda Asante-Asiedu, Second Deputy Governor of the Bank of Ghana, emphasized that cyber resilience is no longer solely an IT issue, but a crucial component of trust and stability within the financial system. Addressing the opening of the Financial Industry Command Security Operations Centre (FICSOC) Stakeholders and CISO Forum on September 28, she urged financial institutions to transcend mere compliance and prioritize resilience.
This, she argued, would enhance their capacity to foresee threats, endure disruptions, and swiftly recover in the event of an attack.
As the financial sector undergoes a profound transformation due to the advent of artificial intelligence, Asante-Asiedu stressed that collaboration across the industry is indispensable. She underscored that AI is not only altering financial services but is also reshaping the cyber threat landscape. Emphasizing the importance of unity among financial institutions, she reiterated that collaboration is key to navigating the evolving challenges posed by AI and cyber threats.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
