{"id":39944,"date":"2025-03-19T15:10:53","date_gmt":"2025-03-19T15:10:53","guid":{"rendered":"https:\/\/upndownbeirut.com\/?p=39944"},"modified":"2025-03-19T15:10:53","modified_gmt":"2025-03-19T15:10:53","slug":"technical-delegation-from-bank-of-tanzania-visits-central-bank-of-egypt-to-learn-from-its-pioneering-cybersecurity-experience-in-the-financial-and-banking-sectors","status":"publish","type":"post","link":"https:\/\/upndownbeirut.com\/?p=39944","title":{"rendered":"Technical Delegation from Bank of Tanzania Visits Central Bank of Egypt to Learn from its Pioneering Cybersecurity Experience in the Financial and Banking Sectors"},"content":{"rendered":"

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In light of<\/span><\/span> Egypt’s <\/span><\/span>commitment<\/span><\/span> to strengthen<\/span><\/span>ing<\/span><\/span>cooperation<\/span><\/span> with African <\/span><\/span>states<\/span><\/span>, the Central Bank of Egypt <\/span><\/span>(CBE) <\/span><\/span>hosted a specialized technical team<\/span><\/span> in the field of cybersecurity<\/span><\/span> from <\/span><\/span>Bank of Tanzania (<\/span><\/span>B<\/span><\/span>o<\/span><\/span>T<\/span><\/span>)<\/span><\/span>. Th<\/span><\/span>e visit <\/span><\/span>aimed at<\/span><\/span> offer<\/span><\/span>ing<\/span><\/span> insights into <\/span><\/span>the <\/span><\/span>Egyptian pioneering cybersecurity experience in the financial and banking <\/span><\/span>sectors<\/span><\/span>, <\/span><\/span>especially<\/span><\/span> Egypt\u2019s Financial<\/span><\/span>Comput<\/span><\/span>ing Incident <\/span><\/span>Response <\/span><\/span>Team<\/span><\/span> (EG-FinCIRT), which <\/span><\/span>stands as<\/span><\/span> a pioneering and distinguished <\/span><\/span>model<\/span><\/span>in the field of cybersecurity <\/span><\/span>across<\/span><\/span> Africa and the Middle East.<\/span><\/span><\/span><\/p>\n

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During <\/span><\/span>their 3-day visit<\/span><\/span>, the Tanzanian team<\/span><\/span>responsible for<\/span><\/span> Financial Sector<\/span><\/span> Computer Emergency Response Center (TZ-<\/span><\/span>FinCERT<\/span><\/span>) <\/span><\/span>received<\/span><\/span> a comprehensive overview of<\/span><\/span> EG-<\/span><\/span>FinCIRT\u2019s<\/span><\/span> activities and services, <\/span><\/span>along with<\/span><\/span> the <\/span><\/span>incident response <\/span><\/span>mechanisms <\/span><\/span>implemented <\/span><\/span>for <\/span><\/span>managing<\/span><\/span> cyber <\/span><\/span>threats<\/span><\/span>. <\/span><\/span>The visit<\/span><\/span> aimed to <\/span><\/span>benefit from the<\/span><\/span> Egyptian experience to build and enhance technical capa<\/span><\/span>c<\/span><\/span>ities <\/span><\/span>of<\/span><\/span>the <\/span><\/span>TZ-<\/span><\/span>FinCERT<\/span><\/span>, in addition to empowering collaboration betw<\/span><\/span>een <\/span><\/span>both parties <\/span><\/span>in the field of cybersecurity.<\/span><\/span><\/span><\/p>\n

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Dr. Sherif Hazem, <\/span><\/span>the CBE\u2019s Sub-<\/span><\/span>Governor<\/span><\/span> for Cybersecurity<\/span><\/span> Sector<\/span><\/span>, <\/span><\/span>emphasized<\/span><\/span>,<\/span><\/span> “<\/span><\/span>T<\/span><\/span>he visits of specialized <\/span><\/span>cybersecurity <\/span><\/span>delegations from foreign central banks, <\/span><\/span>particularly<\/span><\/span> from <\/span><\/span>African <\/span><\/span>countries<\/span><\/span>, reflect the <\/span><\/span>prominent<\/span><\/span> position<\/span><\/span> the <\/span><\/span>CBE<\/span><\/span> has <\/span><\/span>attained<\/span><\/span> in this field. <\/span><\/span><\/span><\/p>\n

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This<\/span><\/span> standing<\/span><\/span> is <\/span><\/span>manifested in<\/span><\/span> the establishment and operation of the<\/span><\/span> region\u2019s<\/span><\/span> first sectorial <\/span><\/span>CERT<\/span><\/span>, <\/span><\/span>in alignment to<\/span><\/span> the <\/span><\/span>evolving <\/span><\/span>global <\/span><\/span>threats facing <\/span><\/span>digital infrastructure<\/span><\/span>\u201d.<\/span><\/span><\/span><\/p>\n

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Dr. Ibrahim Mostafa, Assistant Sub-Governor of the CBE and Director of EG-FinCIRT, highlighted, \u201cThe exchange of expertise and the fostering of cooperation among<\/span><\/span> response teams from various central banks have become a critical priority in light of the <\/span><\/span>significant <\/span><\/span>advancements in Cyber-attacks, and the <\/span><\/span>expansion in the use of digital financial technology.<\/span><\/span> We are keen to enhance coordination and cooperation with Incident Response Team<\/span><\/span>s<\/span><\/span> around the world, especially African, Arab and Islamic <\/span><\/span>countries<\/span><\/span>\u201d<\/span><\/span>.<\/span><\/span><\/span><\/p>\n

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Notably, the Tanzanian delegation\u2019s visit is part of an ongoing series of visits from African countries<\/span><\/span> to strengthen cooperation and exchange expertise with the CBE in the field of cybersecurity.<\/span><\/span> During<\/span><\/span> the visit, Tanzanian delegation was briefed on Egypt\u2019s steadfast efforts to enhance cybersecurity at CBE and <\/span><\/span>across<\/span><\/span> the banking sector. This includes the issuance and circulation of Egypt\u2019s first<\/span><\/span> edition<\/span><\/span> \u201cFinancial <\/span><\/span>Cybersecurity Framework,\u201d as well as assessing the readiness of banks and financial institutions operating within the sector to manage cybersecurity. Additionally, they gained insights into the inspection, auditing, and approval processes of all digital solutions and FinTech applications before<\/span><\/span> issuing the required licenses and accreditations to operate in the Egyptian market.<\/span><\/span><\/span><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

In light of Egypt’s commitment to strengtheningcooperation with African states, the Central Bank of Egypt (CBE) hosted a specialized technical team in the field of cybersecurity from Bank of Tanzania (BoT). The visit aimed at offering insights into the Egyptian pioneering cybersecurity experience in the financial and banking sectors, especially Egypt\u2019s FinancialComputing Incident Response Team …<\/p>\n","protected":false},"author":9,"featured_media":39945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[190],"tags":[],"class_list":["post-39944","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-190"],"_links":{"self":[{"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/posts\/39944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39944"}],"version-history":[{"count":1,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/posts\/39944\/revisions"}],"predecessor-version":[{"id":39946,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/posts\/39944\/revisions\/39946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=\/wp\/v2\/media\/39945"}],"wp:attachment":[{"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/upndownbeirut.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}