The growing use of artificial intelligence (AI) in financial services is creating new cyber risks that require stronger collaboration among financial institutions, the Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has said.
She said the changing cyber threat landscape meant financial institutions could no longer treat cybersecurity as solely an information technology concern, but as a critical component of financial stability and public trust.
Madam Asante-Asiedu made the remarks at the opening of the Financial Industry Command Security Operations Centre (FICSOC) Stakeholders and Chief Information Security Officers (CISO) Forum.
She urged financial institutions to shift their focus from meeting cybersecurity compliance requirements to building resilience capable of helping them anticipate threats, withstand disruptions and recover quickly from attacks.
“Cyber resilience is no longer simply an IT concern. It is fundamental to trust and stability in our financial system,” she said.
The Second Deputy Governor said the rapid adoption of AI was simultaneously transforming the delivery of financial services and the nature of cyber threats confronting the sector.
She therefore called for greater cooperation among financial institutions and other stakeholders to strengthen the sector’s collective ability to identify and respond to emerging cyber threats.
“As artificial intelligence continues to reshape both financial services and the cyber threat landscape, collaboration across the financial sector remains essential,” she said.
The FICSOC and CISO Forum brings together stakeholders within the financial sector to address cybersecurity and resilience issues affecting financial institutions.
The call comes at a time when financial institutions are increasingly deploying digital technologies and AI-driven systems to improve service delivery, while also facing evolving risks associated with increasingly sophisticated cyber threats.
