techend
By Ariz Riaz :
The State Bank of Pakistan has introduced a new cybersecurity framework titled Cyber Shield to strengthen the digital security of banks and financial institutions across the country.
The initiative, launched under the central bank’s Vision 2028 roadmap, is designed to safeguard Pakistan’s financial system as online and digital banking services continue to grow rapidly.
In a statement, SBP said the framework offers structured guidelines to help regulated institutions secure their digital infrastructure, reduce vulnerability to cyber threats, improve incident response mechanisms, and ensure faster recovery from potential disruptions.
The move comes amid a sharp rise in cyber risks globally, with Pakistan’s financial sector becoming increasingly dependent on digital platforms such as mobile wallets, online transfers, and branchless banking services. While these services have expanded financial access, they have also made the system more exposed to cyberattacks.
Cyber Shield is built around five core pillars. These include boosting institutional resilience against cyber incidents, enhancing governance and accountability in cybersecurity management, encouraging sector-wide collaboration and data sharing, building skilled human resources in cyber defence, and continuously updating security standards to match evolving threats.
SBP added that it will regularly review international and domestic cyber trends and revise the framework accordingly. The central bank will also monitor how financial institutions implement the new measures to ensure uniform compliance and stronger protection across the banking sector.
About The Author
