National AI Policy Soon to Secure Digital Banking: MoITT

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Amid the rising risk of cybersecurity and common hacking of information methods even of nationwide establishments, the government has centered extra on countermeasures and after first-ever Cybersecurity Policy, it’s quickly going to release nationwide synthetic intelligence (AI) coverage which the trade mavens imagine would assist to safe basically the virtual banking machine. The Federal Minister for IT and Telecom Syed Aminul Haq has stated this whilst addressing a convention titled BlockChain at an area auditorium.

National AI Policy Soon to Secure Digital Banking: MoITT

He used to be certain that cybersecurity and excellence in AI had turn out to be an important for the rustic’s easy and robust financial machine.

“Cybersecurity is the primary essential pillar of Digital Policy 2021 of IT Ministry,” he stated. “Digital transformation of Pakistan corresponds with Cybersecurity. Pakistan’s first cybersecurity coverage is licensed by means of the federal cupboard this yr. And now the federal government is absolutely dedicated to introducing nationwide AI coverage quickly.”

He referred to contemporary assaults at the nation’s banking methods and nationwide establishments databases which might no longer be compromised.

The minister’s ideas got here days after the cyberattack at the National Bank of Pakistan had nearly paralysed the virtual and automatic banking methods.

Though the financial institution had claimed no knowledge breach or monetary loss due to the cyberattack. However, it took many weeks to repair the machine.

Cybersecurity mavens and AI pros say if the federal government succeeds in bringing in and imposing complete insurance policies in those two spaces, the rustic’s banking trade and fiscal establishments can be a few of the key beneficiaries of the improvement.

Check Also: Ministry of Information Technology and Telecommunication Launches Pakistan’s First Free Studio for Digital Media

Source: Dawn



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