South Sudan central bank warns of digital finance risks
Governor Addis Ababa Othow stated stronger cybersecurity measures are needed as digital infrastructure expands.
South Sudan's central bank governor warned that increasing cybersecurity threats could compromise financial institutions, mobile money, and electronic transactions. Bank of South Sudan (BoSS) Governor Dr. Addis Ababa Othow made this statement on Thursday.
Dr. Othow said stronger cybersecurity measures are needed to safeguard the nation's expanding digital financial infrastructure. The warning comes as South Sudan increases its use of digital financial services.
The central bank's alert points to potential weaknesses in the country's financial technology sector.
Why it mattersSouth Sudan's financial institutions and electronic transactions face growing cybersecurity threats.