National Institute of Banking & Finance, a subsidiary of the State Bank of Pakistan, recently conducted an extensive training session on financial fraud investigation and cyber security risk measures. The session was held on May 16, 2024, at NIBAF’s headquarters, featuring Muhammad Akram Mughal, Deputy Director Network Security at the Federal Investigation Agency (FIA).

NIBAF, recognized as a premier institute for training central and commercial bankers, micro and rural finance providers, and management professionals, regularly organizes interactive sessions to explore various aspects of banking and specialist technical knowledge. Trainers and speakers at NIBAF are renowned experts from the banking sector, financial markets, and academia, both domestically and internationally.

Over the years, NIBAF has collaborated with numerous global institutions, including the International Monetary Fund (IMF), World Bank, Asian Development Bank, Islamic Development Bank, USAID, European Union, SAARC Finance, INCEIF Malaysia, DA Afghanistan Bank, Central Bank of Sri Lanka, London Institute of Banking & Finance, and Bahrain Institute of Banking & Finance. These collaborations have been pivotal in designing, developing, and executing training programs, as well as sharing knowledge on various topics.

In response to NIBAF’s request for a cyber security expert, the FIA Cyber Crime Wing (CCW) nominated Muhammad Akram Mughal to lead the full-day training session. The session, which ran from 9:00 AM to 5:00 PM, was attended by bankers from across the country. Mughal’s expertise in network security provided the participants with valuable insights into financial fraud investigation and effective cyber security risk measures.

The training aimed to equip banking professionals with the necessary skills to combat financial fraud and enhance cyber security protocols within their institutions. This initiative underscores NIBAF’s commitment to fostering a knowledgeable and skilled banking sector, capable of addressing contemporary challenges in the financial landscape.

The event was part of NIBAF’s ongoing efforts to provide a platform for the detailed examination and discussion of critical banking issues, ensuring that participants are well-prepared to navigate the complexities of the modern financial environment.