Tuesday, March 5, 2024

State bank to invest Rs100 million in Cyber Security.

The State Bank of Pakistan (SBP) is spending approximately Rs100 million to improve its cyber security infrastructure.

According to a notice filed to the Pakistan Stock Exchange on Wednesday, the central bank has granted a contract in the information technology (IT) and cyber security area to Supernet Limited, a subsidiary of Telecard Limited. According to the notification, the contract entails the supply, installation, maintenance, and technical support of Next Generation Intrusion Detection and Protection Systems (IDPS) to protect SBP infrastructure against Advanced Persistent Threats (APT).

“With this IDPS solution, SBP will be able to detect susceptible exploits and unknown attacks emanating from any targeted system, application, or hardware.” When malicious behaviour is detected, it will also suggest remedial actions.

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