Cybersecurity from the Perspective of the Financial Regulator and Supervisors in Peru

Cybersecurity incidents have increased at a rapid pace in the ten years, especially during the COVID-19 pandemic where scammers can take advantage of low-income consumers who are not tech-savvy. 

Defining a cybersecurity strategy should not only be about protection against known threats but also the anticipation of future threats and how best to respond to them.

The regulatory and supervisory authority of Peru’s financial sector, Superintendence of Banks, Insurance Companies, and Private Pension Fund Administrators (SBS), take a very serious view of information security and have been very active in their efforts to improve it over the last decade, with the implementation of their five-pillar roadmap.