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  • Writer's pictureISSP

ISSP and EMA Partner to Protect Ukraine's Financial Institutions

Strengthening the Security of Ukraine's Banking Sector! We are thrilled to share that ISSP has signed a partnership agreement with the Ukrainian Interbank Payment Systems Member Association (EMA).

Together, we're embarking on a mission to enhance the security of banking operations and protect financial institutions from cyber threats.

Our goal goes beyond just preventing fraud; we're focused on boosting cybersecurity in the financial sphere. The financial sector has been proactive in countering cyberattacks, but there is still room for improvement, particularly in terms of collaboration, fraud prevention, and resilience against cyberattacks.

With the introduction of new regulations in the European Union and Ukraine, we see additional opportunities for cooperation and joint efforts to strengthen the cyber resilience and maturity of Ukraine's financial sector.

“Through collaboration with our European partners, we've successfully launched several turnkey projects, implementing anti-fraud solutions, establishing robust risk management and identification mechanisms, and ensuring compliance with new standards and regulations to enhance the security of payment instruments and technologies.

We are pleased to share our achievements, observations, and insights with the members of the association. This will help Ukraine's banking sector adapt to new requirements and harmonize its operations with the rules and norms of the European Union," stated Roman Sologub, CEO at ISSP.

"We have had a long-standing acquaintance with ISSP and its experts, spanning over 8 years. We have received numerous positive reviews from both Ukrainian and international colleagues. When interests align, partnerships naturally form.

We are starting with knowledge exchange and support for the association's offline security events in 2023. In the future, we plan to collaborate on anti-fraud solutions for financial market participants and educational anti-fraud projects," added Olesia Danylchenko, Deputy Director and Head of the Security Forum for Settlements and Credits at the Ukrainian Interbank Payment Systems Member Association, member of the advisory group for financial services at the European CyberCrime Center (EC3) Europol.

We are honored to be a part of these important initiatives with the EMA and to contribute to the development of Ukraine's financial sector.



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