Central Bank of Egypt Hosts Kenyan Officials to Share Cybersecurity Best Practices

Egyptian Central Bank Showcases Regional Leadership in Financial Cybersecurity

As part of its ongoing commitment to fostering continental cooperation

the Central Bank of Egypt (CBE) recently hosted a high-level delegation from

the Central Bank of Kenya (CBK) The three-day visit centered on Egypt’s advanced

cybersecurity infrastructure, particularly the Egypt Financial Computing Incident

Response Team (EG-FinCIRT), a pioneering model in cybersecurity across Africa

and the Middle East The Kenyan delegation, consisting of five

cybersecurity experts from CBK’s Banking Sector Security Operations Center (BS-SOC)

aimed to exchange knowledge and enhance

collaborative ties in the field of financial cybersecurity. This visit highlights

the importance of shared expertise in combating growing cyber threats in the banking

and financial sectors

EG-FinCIRT: A Benchmark for Cybersecurity Excellence in Africa and the Middle East

Dr Sherif Hazem, CBE’s Sub-Governor for Cybersecurity, emphasized the significance

of such knowledge exchanges, stating, “The consistent engagement of African central

banks with Egypt underlines the CBE’s role as a leader in financial cybersecurity

This leadership is crucial as cyber threats escalate globally, requiring robust national

capabilities and the adoption of cutting-edge technologies

Dr Ibrahim Mostafa, Assistant Sub-Governor and Head of EG-FinCIRT, added

“EG-FinCIRT represents a leading regional framework for cybersecurity incident response

It coordinates with technical teams regionally and internationally, bolstering defense

mechanisms against the increasing wave of cyberattacks threatening economies worldwide

Central Bank : Cyber Threat Detection, FinTech Security, and Regulatory Compliance

During the visit, the Kenyan team explored Egypt’s sophisticated strategies

for cybersecurity threat detection and response Discussions covered the latest

cyberattack methodologies, especially within the rapidly evolving FinTech sector

and best practices for mitigating vulnerabilities

The exchange also focused on compliance with international cybersecurity

frameworks and standards tailored for financial institutions Furthermore

it included insights into regulatory procedures for licensing FinTech applications

and tech solutions, ensuring secure digital transformation and market stability

Kenya’s Drive Toward an Integrated Cybersecurity Strategy Inspired by Egypt’s Model

The visit underscores Kenya’s intent to leverage the Central Bank of Egypt’s experience

in developing and implementing comprehensive cybersecurity strategies. The Central

Bank of Kenya is currently in the process of adopting a unified cybersecurity framework

for its financial sector, mirroring Egypt’s successful approach

This strategy involves establishing a dedicated cybersecurity incident response

team for banking and financial operations, crafting a dynamic regulatory framework

that evolves with emerging threats, and rigorously reviewing digital applications

and systems before their deployment to guarantee security

About Central Bank of Egypt’s Cybersecurity Initiatives

The Central Bank of Egypt continues to set a regional standard in cybersecurity

for the financial sector, combining proactive incident response, advanced threat

intelligence, and strategic partnerships Its EG-FinCIRT serves as a vital hub

for protecting the integrity of Egypt’s financial markets and supporting regional

digital transformation initiatives