By Sachin Kumar
DOHA: The Qatar Central Bank (QCB) will organise the second conference of Information Security in the financial institutions under the title ‘Enhancing IT security in the financial sector in today’s world’. The two-day conference, that will begin on November 15, aims to shed light on Information Technology (IT) security and enhancing its infrastructure.
Talking to media persons in press conference yesterday in QCB main building, Abdul Hadi Ahen Ali Ahen (pictured), Acting Director of Banking Systems, Payment and Settlement Department at QCB said that the conference will discuss information system and challenges facing this sector and will exchange experiences on how to enhance the infrastructure of information system in the financial sector.
Ahen, who is also head of the conference organising committee, said that around 1,300 participants are expected to attend this year’s conference. Last year around 550 participants attended the conference.
He added the recommendations of the First Conference of Information Security in the Financial Institutions were implemented, especially those related to remittance outlets which urged them to take more measures to ensure continued protection of electronic financial security in the state.
Ahen stressed that QCB has been working to ensure information security protection in accordance with the best international practices to take advantage of the latest technology in this field, in order to reach the desired goals and in accordance with the strategic plan for the development and the achievement of Qatar National Vision 2030.
In a statement, H E Sheikh Abdullah bin Saoud Al Thani, Governor, QCB, said that QCB has worked in the previous years on the improvement of applications, software and hardware related to information security in accordance with the best international practices to take advantage of the latest technology in this field, in order to reach the desired goals and in accordance with the strategic plan for the development and the achievement of Qatar National Vision 2030.
QCB continues its efforts to create a secure and stable financial environment, through coordination between supervisory and oversight authorities of the financial services sector in the state and through joint efforts between them through the relevant specialised committees. In this regard, the bank has issued a number of circulars and instructions for financial institutions in the country regarding the procedures to be followed and the standards, applications and systems to be implemented for the information security and safety.
The Peninsula
