National AI Policy Soon to Secure Digital Banking: MoITT
He was sure that cybersecurity and excellence in AI had become crucial for the country’s smooth and strong economic system. He referred to recent attacks on the country’s banking systems and national institutions databases which could not be compromised. The minister’s thoughts came days after the cyberattack on the National Bank of Pakistan had almost paralysed the digital and automated banking systems. Though the bank had claimed no data breach or financial loss due to the cyberattack. However, it took many weeks to restore the system. Cybersecurity experts and AI professionals say if the government succeeds in bringing in and implementing comprehensive policies in these two areas, the country’s banking industry and financial institutions would be among the key beneficiaries of the development. Check Also: Ministry of Information Technology and Telecommunication Launches Pakistan’s First Free Studio for Digital Media Source: Dawn
