Bahamas central bank upgrades IT to defend against cyber risk
Central bank updates security and threat management systems
The Central Bank of Bahamas made upgrades to its security and threat management capabilities in 2017, to ensure its IT systems would be able to withstand a cyber attack.
“This project responds to the globally high-profile cyber security incidents and threats, which have had damaging effects on the operations of both private and public enterprises,” the bank explains in its latest annual report.
The upgrade was one of many the central bank made to its information technology systems, aimed at modernising its core infrastructure.
One of the initiatives focused on the bank’s “mobile device policy”, which resulted in the introduction of a “bring your own device programme for users of non-enterprise equipment”.
“The reforms added new policies and procedures, as well as software to protect data on corporate issued and user-supplied mobile devices,” the central bank says.
The programme also prompted the central bank to acquire a cloud-based monitoring solution to run alongside existing systems that monitor the network. The new system, the central bank says, will improve the supervision and availability of IT systems.
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