VIENTIANE TIMES — Cybersecurity Insights for Lao Banking & Financial Sectors

Mr Thanongsinh Kanlagna speaks at seminar.
Times Reporters

Representatives from the banking and financial sectors recently met in Vientiane to enhance their knowledge on cybersecurity and its importance in their operations.
  The first such cybersecurity seminar was jointly organised by the Lao Bankers’ Association (LBA), Lao ICT Commerce Association (LICA) and Lao Computer Emergency Response Team (LaoCERT), in coordination with Singapore-based S.A. Investment Holdings and its local partner Datacom Co Ltd.
  The event was aimed at highlighting the significance of cybersecurity, and the strategies the banking and financial sectors can adopt to safeguard themselves against the growing threats of cyber-crime and attacks.
  The seminar, with the theme “Innovative Strategies to Secure Banking and Financial Services against Cyber Threats 2020”, was the culmination of collaborative efforts of the banking industry led the LBA,

the ICT Industry led by LICA and LaoCERT. These joint efforts focused on providing insight on cybersecurity and its significance to the fast-developing financial and banking sector of Laos.
  Datacom’s Executive President, Mr Thanongsinh Kanlagna, said, “As we’ve seen in the last few months, commerce has evolved and our day- to-day activities are moving into the cyber-sphere. These present new and exciting opportunities, but there are risks and threats to consider.
  “This seminar addresses the latter so that our banking and business communities can work together to secure a safer cyber-environment for everyone in Laos – this is my vision.”
  The Executive Director and Founder of S.A. Investment Holdings, Mr Ainsley Jong, pulled together various principals to deliver the seminar’s key messages and to introduce innovative cybersecurity solutions that would benefit Lao banking and financial services and the country at large. These principals include CyberArk, Honeywell and Zimperium – leading global brands established in their respective fields.
  Not only was the cybersecurity knowledge useful for stakeholders in the banking and financial services, the presentations by BCEL and LaoCERT on trends of Lao banking and its innovations, and the overview of cyber- crimes in Lao and the neighboring region will go a long way in arming all stakeholders with a greater awareness of digital trends in and around the region as the Lao economy grows and flourishes in cyberspace.