Kuala Lumpur, Apr 15: SecurEyes participated in the Central Banking Meetings in Kuala Lumpur, where its Co-founder and CEO, Karmendra Kohli, moderated a high-level panel discussion titled “Cyber Resilience and Quantum Readiness: Addressing Today’s Threats and Preparing for Tomorrow’s Challenges.”
The session brought together senior leaders and regulators from central banks and supervisory authorities across multiple regions, including representatives from the Banking Agency of Republika Srpska, National Bank of Georgia, Bank Negara Malaysia, and Bangko Sentral ng Pilipinas.
Addressing Evolving Cyber Threats
The discussion focused on the rapidly evolving cyber threat landscape, highlighting how the financial sector continues to be one of the most targeted industries globally. Panelists emphasized the growing prevalence of threats such as social engineering, phishing, ransomware, and vulnerabilities stemming from third-party and ecosystem dependencies.
A key theme that emerged was the shift of cyber risk from an institutional issue to a systemic one, driven by increasing interconnectivity through APIs, fintech collaborations, and outsourced technology environments.
Cybersecurity as a Strategic Imperative
The panel underscored that cybersecurity is no longer confined to IT functions but has become a strategic priority at the board and leadership level. It is now directly linked to financial stability, institutional trust, and customer confidence.
Regulators and central banks shared insights on strengthening supervisory frameworks, enhancing third-party risk management, improving incident response capabilities, and fostering cross-sector collaboration to build resilience.
Preparing for the Quantum Era
An important area of focus was quantum readiness, particularly the need for financial institutions to begin transitioning toward post-quantum cryptography. As advancements in quantum computing continue, existing encryption standards may face significant risks, making proactive preparation essential.
Speaking during the session, Karmendra Kohli said:
“Cyber resilience is ultimately about continuity of trust. Financial institutions must assume disruption and design for resilience, ensuring they can continue to operate and maintain confidence even in the face of cyber incidents.”
A Holistic Approach to Resilience
The panel concluded that strengthening cyber resilience requires a comprehensive approach encompassing technology, governance, regulation, industry collaboration, and sustained investment. Institutions were encouraged to act now to address both current and emerging cybersecurity risks.
