Gent Sejko spoke at the Albania–Israel Cybersecurity Summit and stressed the growing importance of cyber protection for financial stability and national security.
He said cyber risk has become part of daily reality as geopolitical tensions and rapid technological change increase exposure to attacks.
Sejko noted that digital transformation and the rise of artificial intelligence in finance make stronger protection systems essential.
He warned that disruptions in financial systems or data leaks damage public trust and institutional reputation.
Sejko called for a new supervisory approach that treats cyber risk as equally important as traditional financial risks.
He said the Bank of Albania has already taken concrete steps to strengthen cybersecurity oversight.
The bank has increased supervisory capacity, improved cooperation with relevant institutions, and adopted international risk standards.
Sejko highlighted a cybersecurity maturity assessment methodology developed with support from the U.S. Treasury. It includes 93 controls covering organizational, human, and technological areas.
He said the first assessment round of the banking system is complete, while a second horizontal review is ongoing.
Sejko added that Albania is aligning its regulatory framework with the European Union, especially with the Digital Operational Resilience Act (DORA), which entered into force in 2025.
He linked these reforms to Albania’s goal of EU membership by 2030.
Sejko concluded that the Bank of Albania continues to invest in secure technology infrastructure and staff awareness to ensure fast and effective response to cyber incidents.
/a.c/
The post Sejko: Cybersecurity Is Key Pillar for Financial Stability appeared first on RTSH English.
