Tech Desk 
May 16, 2025
In a fresh bid to secure Pakistan's booming digital economy, the Securities and Exchange Commission of Pakistan (SECP) has requested all financial institutions to take proactive measures to strengthen their cybersecurity.
The objective is to secure the country's information and financial systems against increasingly present online dangers.
SECP urges firms to strengthen digital safety
Cybersecurity safeguards sensitive information and systems from hackers, viruses, and cybercrime.
As there are more digital transactions and online services in Pakistan's financial industry, the threat of cyberattacks has also escalated. SECP's recent pronouncement emphasises that digital security is no longer a choice, it is imperative.
"Strategic cybersecurity measures are critical to protect Pakistan's informational and financial infrastructure," the SECP added, requesting companies to keep the Commission updated on their progress.
Moreover, the Commission is also contributing to the development of a safer digital space by exchanging best practices and tools with financial institutions.
SECP believes that all concerned stakeholders, if they collaborate, can construct a more enhanced cyber defense mechanism.
Pakistan's cybersecurity has emerged as a serious issue following recent hacks and attempted data breaches on major financial institutions.
The SECP has requested firms to implement practical measures such as frequent security audits, employee training, and ensuring their systems remain updated.
