Oman's central bank boss cautions against cybercrime

Energy Sunday 09/April/2017 23:18 PM
By: Times News Service
Oman's central bank boss cautions against cybercrime

Muscat: All banking institutions in Oman have been urged to help combat cybercrime.
Hamoud bin Sangour Al Zadjali, Executive President of the Central Bank of Oman (CBO), has called upon all banking institutions to contribute to reducing the spread of cybercrime by various means, introducing technological applications and using modern technologies to stop any violations that could lead to the exploitation of important data, take the necessary measures to curb the spread of cybercrime in the light of the continued growth of companies and institutions engaged in the invention of technologies and electronic services in order to contribute to a safer working environment.
Al Zadjali explained in his editorial in the new issue of Al Markazi Journal that cyber security is a set of technical and administrative means that are used to prevent unauthorised use, misuse and retrieval of electronic information contained in the institutions in order to ensure the availability and continuity of the work of information systems, protection, confidentiality and privacy of personal data and protection of citizens from risks in cyberspace.
Identification of risks
He pointed out that cybersecurity requires the identification of risks to society, as well as activating electronic government agencies in order to protect personal data, national security and to inform everyone about the dangers facing society in this regard to protect their information and bank accounts from theft, piracy and others.
The Executive President of the CBO added that this was emphasised at the meetings and activities of the Omani banks in order to enhance cooperation between various institutions and bodies in the Sultanate in the field of countering cybercrime and identifying the best international practices in the work environment and benefiting from international expertise in this field.