Daniela Tolici

Bank Deposit Guarantee Fund, Romania

Title: Securing the Safety Net: Cybersecurity Strategies for Protecting Financial Guarantees

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Biography

Abstract

In today’s digital economy, ensuring the cybersecurity of financial guarantee systems is essential for maintaining public trust and financial stability. The Romanian Deposit Guarantee Fund (FGDB), a critical institution for safeguarding depositors, faces an escalating array of cyber threats that challenge its operational integrity and security. This paper delves into the unique cybersecurity challenges confronting financial guarantee institutions and outlines strategies to mitigate these risks effectively. By analyzing recent cyber incidents targeting financial entities, we identify key vulnerabilities relevant to systems like the FGDB. The study proposes a tailored cybersecurity framework emphasizing risk management, regulatory compliance, advanced threat detection, and rapid incident response. Additionally, it explores the potential of emerging technologies such as artificial intelligence and blockchain to strengthen defenses against sophisticated cyberattacks. Highlighting the importance of a proactive and dynamic approach, this research underscores the critical role of cybersecurity in protecting financial guarantees and reinforcing trust in an increasingly interconnected financial landscape.