The 
53rd Midi de la Microfinance, held by Luxembourg-based NGO ADA Microfinance, will focus on cybersecurity as it relates to financial inclusion in Africa. This includes suggested “points of attention and concrete actions” microfinance institutions may use to minimize the risks associated with
Tag: Cyber Security
MICROFINANCE PAPER WRAP-UP: “COVID-19 and Cyber Risk in the Financial Sector;” by Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta, David Whyte; Published by BIS
To protect the health of their workers during the COVID-19 pandemic, financial institutions have largely shifted their employees to working from home (WFH), increasing various cyber risks. During a two-month period early in the pandemic, “the use of remote access technologies such as the remote desktop protocol (RDP) and virtual private network (VPN)” increased by 41 percent and 33 percent, respectively. The authors posit
MICROFINANCE PAPER WRAP UP: “Ten Key Principles of Digital Finance;” published by Proxfin, Développement international Desjardins (DiD)
This is a summary of a paper published by Développement international Desjardins’ (DiD’s) Proxfin, October 2018, 2 pages, available at:
https://www.did.qc.ca/media/documents/en/autres-publications/10_key_principles.pdf
This document addresses best practices for microfinance institutions transforming their services from analog to digital format. The authors describe digital transformation as being more about business than technology. Rather than being tempted by “passing trends,” planners should focus on consumers’ ease of use. The authors argue customers should be able to expect a customized “end-to-end” experience consisting of “a straightforward, engaging, value-added process that makes use of
MICROFINANCE PAPER WRAP UP: “Cyber Security in Emerging Financial Markets,” Published by CGAP
This is a summary of a paper by Hildah Nduati, published by CGAP (Consultative Group to Assist the Poor), May 2018, 8 pages, available at https://www.findevgateway.org/sites/default/files/publication_files/cybersecurity_in_emerging_markets_06-30.pdf
The availability of digital financial services (DFS) has altered the way many payments are collected and processed in developing countries. Ms Nduati argues that, although DFS have helped millions of people stabilize their income and break out of their stagnant socioeconomic positions, there remain many issues outstanding