NIBAF, Risk Associates to work together to improve cybersecurity
The National Institute of Banking
and Finance (NIBAF) Pakistan and Risk Associates have signed a strategic
Memorandum of Understanding (MoU) to strengthen cybersecurity resilience across
Pakistan’s financial sector. The signing ceremony, held at Risk Associates’
regional office in Karachi, marks a major step toward building nationwide cyber
defense capabilities.
The MoU was signed by Ms. Lubna
Farooq Malik, Co-CEO of NIBAF Pakistan, and Dr. Aftab Rizvi, CEO of Risk
Associates, in the presence of senior officials from both organizations. The
agreement sets the stage for joint initiatives in specialized training, technical
advisory, and knowledge exchange tailored for banking and financial
institutions.
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Under the partnership, both
organizations will collaborate on delivering high-impact training modules in
cyber risk management, digital forensics, information security governance, and
compliance with global cybersecurity frameworks such as PCI DSS and ISO/IEC
27001. The objective is to enhance institutional readiness as well as build
individual capabilities within the sector.
Ms. Malik emphasized the urgency of
fortifying digital defenses amid ongoing financial digitalization. “This
collaboration is vital for equipping our professionals with the tools and
knowledge needed to counter rising cyber threats. It’s a step forward in
cultivating a more resilient banking ecosystem in Pakistan,” she said.
Dr. Rizvi highlighted the shift from
static to adaptive security systems. “Today’s threats require dynamic,
AI-driven defense strategies. Together with NIBAF, we’re introducing advanced
cybersecurity concepts like automated governance, machine learning, and
real-time threat detection into the learning environment,” he noted.
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The training programs will cover
crucial areas such as cyber threat intelligence, incident response planning,
PCI compliance, and digital transformation strategies—designed to empower
professionals with actionable skills.
This forward-looking alliance positions NIBAF as a pioneer in digital risk preparedness and reinforces Pakistan’s commitment to a secure, digitally advanced financial sector. As cyber threats continue to evolve, strategic partnerships like this one will be key to safeguarding the nation’s financial infrastructure.
Source: pkrevenue.com