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Bank Launches Cyber Plan
The Central Bank of Egypt launched the second edition of the National Cybersecurity Framework for the banking and financial sector at Cairo ICT 2026, aiming to strengthen institutions’ protection and keep pace with the risks posed by emerging technologies. The framework shifts to a dynamic assessment based on each institution’s risk profile and covers more than 38 international standards, the concept of “zero trust,” preparedness for quantum-computing risks, and exercises simulating cyberattacks. The first edition, launched in 2022, assessed 38 banking institutions over eight months. The Central Bank’s Deputy Governor also noted that three applications for digital bank licenses were progressing.
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