The program was organized in the context of the increasing incidence of cyber risks, online fraud, and digital fraud in the financial sector, with the rapid expansion of digital banking services.
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Nepal Bankers Association, in collaboration with Visa SAG, has successfully completed a public awareness and capacity building program on cyber security in all seven provinces with the aim of strengthening cyber security in the banking sector of Nepal.
The program was organized in the context of the rapid expansion of digital banking services, which has led to an increase in cyber risks, online fraud and digital fraud incidents in the financial sector. The program focuses on enhancing the capacity and awareness of banking sector employees in view of such challenges seen in the financial system in recent times, the press release states.
The provincial-level program discussed in detail the identification of cyber risks, trends in digital fraud and risk mitigation measures. Emphasis was also placed on adopting safe practices in the banking system and taking precautions to prevent such incidents and continuously informing bank customers about this. More than 300 bank employees at various levels, including provincial heads and branch managers, participated in the program from all seven provinces. The organizers claim that the program will contribute to making the overall financial system safer and stronger.
The Nepal Bankers Association has expressed its confidence that it will continue to conduct such programs in collaboration with partners and make a significant contribution to strengthening cyber security in the banking sector.
