WESTPAC COMMITS TO PRIORITIZING CYBER SECURITY

In an increasingly digital world, cyber security has become a top priority for businesses, especially in the banking sector, where protecting customer data and financial transactions is paramount.

As cyber threats continue to evolve, it is crucial for banks to invest in the right skills and technologies to safeguard operations and maintain customer trust as according to Westpac’s Acting Chief Executive Officer – Warren Bobin.

Mr. Bobin said that Westpac recognizes the growing importance of cyber security and is committed to strengthening its defences by equipping employees with the necessary knowledge and expertise.

“As part of this commitment, six employees from various functions within the bank successfully earned a Certificate in Cyber Security from the Papua New Guinea Institute of Banking and Business Management (IBBM).

This achievement reflects our dedication to developing talent and ensuring a secure banking environment for our customers.

Cyber security is essential for banks, as they manage vast amounts of sensitive information and financial transactions daily.

The Certificate in Cyber Security provides critical training in risk management, fraud prevention, data protection, and secure banking practices.

By investing in these skills across different areas of the bank, Westpac is reinforcing its ability to detect and respond to cyber threats, ensuring that customers’ information remains safe,” he stated.

Mr. Bobin emphasized the importance of this milestone.

He said, “Cyber security is at the heart of building a strong and trusted banking system.”

“We are proud of our commitment to ensuring our people are equipped with the right skills. We are not only protecting our customers but also strengthening the financial sector in Papua New Guinea.”

“I commend our graduates for their hard work and commitment to making Westpac a safer and more secure bank.”

“Westpac remains dedicated to professional development and innovation in cyber security, ensuring that we stay ahead of emerging threats and continue delivering safe and reliable banking services for all Papua New Guineans.”