2025-01-23
The National Bank of Ethiopia and the FDRE Information Network Security Administration (INSA) have directed all banks, microfinance institutions, and insurance companies to implement newly established cyber security standards and frameworks. These mandatory guidelines require financial entities to adopt secure website management, software development, risk assessment, and institutional internal unit protocols to mitigate rising cyber threats and protect customer data. Compliance ensures operational continuity, reduces financial losses from attacks, and fulfills shared national cyber security responsibilities across Ethiopia’s digital infrastructure.