Sarb governor stresses need for cooperative approach against cyber risk
New legislation will give central bank power over financial stability
The governor of the South African Reserve Bank has urged the financial industry to take a more "proactive" approach and embed a "healthier" cyber culture as cyber risk becomes a growing threat to financial stability.
Speaking at the bank's cyber security conference, Lesetja Kganyago stressed the need for a collaborative approach when tackling cyber risk. "We cannot address this problem in isolation," he said, "our cyber defences are as strong as the weakest link."
As a result, the governor
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