Seacen Cyber Security Summit 2014 To Discuss Financial Stability

KUALA LUMPUR, Aug 20 (Bernama) -- The two-day Seacen Cyber Security Summit 2014, will act as a platform for collective deliberation and actions among senior central bankers and financial supervisors on issues of strategic importance in cyber risk management that can impact financial stability in the Asia-Pacific region. The summit, from Aug 25-26, is organised by the South East Asian Central Banks (Seacen) Research and Training Centre and themed, "Demystifying Cyber Risks: Evolving Regulatory Expectations". It will be held at the Sasana Kijang in Bank Negara Malaysia (BNM). Seacen in a statement said: "In view of the growing cyber security threats, financial institutions have taken significant steps to bolster security efforts in recent years. "However, banks and other financial services companies continue to be challenged by the speed of technological advances and the increasingly sophisticated nature of cyber threats and their reliance on information and communications technology." BNM Deputy Governor Muhammad Ibrahim and delegates from central banks/monetary authorities and financial regulators at the levels of Assistant Governor, heads and deputies of financial supervision departments regionally and internationally, are expected to participate in the summit. -- BERNAMA