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Safetech, partner at the 2023 edition of the Bucharest Cybersecurity Conference

Safetech, partner at the 2023 edition of the Bucharest Cybersecurity Conference

On October 12-13, Safetech Innovations participated in the 2023 edition of the Bucharest Cybersecurity Conference, organized by the National Cyber Security Directorate. Held at Romexpo, the conference combined two days of presentations and panel discussions, with ample networking areas and exhibition stands of the event’s partners.

The conference gathered the most relevant players in the cyber security market, from government agencies and public authorities to universities and private companies. The main topics covered included local and European regulations in the field of cyber security, challenges in key economic areas, training future specialists and the integration of artificial intelligence in security.

Ionut Georgescu, Director of Operations of Safetech, participated in the panel “Fortifying Financial Fortresses: Cybersecurity in Banking and Finance”, moderated by Dan Cîmpean, Director of DNSC.

One of the ideas highlighted in this panel was that banking institutions in Romania differ from each other in terms of the level of security they adopted. There are currently banks in the country that have solid investments and mature security processes, and for which the current legal regulations in this regard only reflect how they operate, but there are also other financial institutions that will apply strong security measures only if the legal regulations will impose this. In these cases, the regulations contribute directly to securing the financial sector.

However, the banking financial sector is currently one of the most regulated economic sectors in terms of IT security and resilience. The compliance with both national and European Union regulations and the diversity of requirements of those regulations generates numerous challenges for the entities in this sector. Ionut Georgescu emphasized that both the authorities and the suppliers must translate these challenges into business language, so that decision-makers in the financial-banking industry understand the risks and losses they can bear if they ignore cyber security risks.

Also, Ionut Georgescu highlighted that, considering the growing level of digitization in everyday activity, it is necessary for cyber security to be made aware as a priority, which implies general information and education regarding the basic rules of digital security.

Initiated in 2011 under the name CERTCON, the Bucharest Cybersecurity Conference has grown progressively, becoming one of the largest gatherings of public and private representatives in the field of cyber security in the country.