Central bank flags cyber risk on financial stability

Central bank flags cyber risk on financial stability

Cybersecurity has been identified as a top risk to Namibia’s financial stability. This is after a number of cybercrimes were reported across the banking and non-banking financial sector last year. According to the Bank of Namibia’s financial stability report, there is a high chance that these cyber risks will materialise in 2025. “Cyberthreats in the form of phishing, spoofing and over-reliance on third-party service providers remain key concern…

Financial Firms Brace for Rising Cyber Threats

As the financial services industry accelerates into a digitally driven future, cybersecurity and operational resilience have become critical focal points, according to Neha Singh, Head of Post Trade Transformation and Strategic Products at Broadridge.  Neha Singh The findings of the Broadridge 2025 Digital Transformation & Next-Gen Technology Study reflect an industry grappling with new threats and old infrastructure. “It’s no longer a conversa…