Cybersecurity challenges for Financial Institutions in the context of expanding digital financial services

Thursday, January 20, 2022

 20 January 2022, 01 pm (Abidjan) / 02 pm (Cotonou, Paris, Frankfurt, Douala, Kinshasa)

Within the context of the European Investment Bank (EIB) TA Financial sector programme for West and Central Africa, Making Finance Work For Africa (MFW4A) and the IPC, Horus and IECD Consortium are hosting a series of webinars for banks and microfinance institutions operating in these regions.

This webinar is the sixth of the series.


With the Covid-19 pandemic, the digitalization of financial services has been a focus for banks and microfinance institutions alike. This has included collaboration with FinTech companies, and Mobile Network Operators (MNO) in order to offer a wider range of possibilities for clients in terms of access to their accounts, and to maximize the possibilities to transact outside banking halls, 24/7, including online. Also in terms of cybersecurity and risks related to cybercrime, the COVID-19 crisis has abruptly “changed the game”, forcing FIs to change practices abruptly and adapt to new ways of operating and communicating.

Sub-Saharan banks are particularly vulnerable to cyber-attacks such as credit card fraud, phishing or even intrusions. A recent report shoes that 85% of surveyed financial institutions in UMEOA, UMAC and DRC have already been victims of one or more cyberattacks that have resulted in damage, sometimes repeatedly.

In this context, experts, financial institutions, regulators and other participants are invited to this webinar to learn about updates on cybersecurity and possible vulnerabilities that must be solved to reduce the risk of an attack.

Panellists would be invited to share their perspective on the following issues:

Introduction to key cybersecurity risks
Increased risks due to Digital Financial Services
Key steps to protect FIs and their clients
Key steps to complete before and during a digitization process


At the end of the webinar, training, participants should have gained awareness and basic knowledge about:

The increased level of exposure most FIs face in general even with basic services, and in particular with Digital Financial Services.
How cyber criminality is evolving, what vulnerabilities FIs are exposed to and what can be done about it
Where to start on the cybersecurity reinforcement journey
Tentative speakers

To read more and register here