Lietuvos bankas and NCSC strengthen cooperation with an automated incident management platform
Lietuvos bankas and the National Cyber Security Centre (NCSC) under the Ministry of National Defence signed an agreement to launch a new phase of interinstitutional cooperation in the field of cybersecurity.
“Cybersecurity is not just about technology, but, above all, about speed and coordinated response. Cooperation with the NCSC will allow us to exchange information more swiftly, respond to threats, and strengthen the resilience of the financial system as a whole,” says Julita Varanauskienė, Deputy Chair of the Board of Lietuvos bankas.
Under the agreement, Lietuvos bankas will join the National Cyber Incident Management Platform coordinated by the NCSC. It is designed to exchange information on cyber threats and incidents in real time, coordinate response, and respond effectively to emerging cyber challenges.
Lietuvos bankas ensures a one-stop shop for reporting information and communication incidents in finance. From now on, the central bank will be able to automatically exchange data on cyber incidents in the financial sector with the NCSC. This will ensure a rapid response, help to quickly identify incidents, and manage them efficiently.
“Lietuvos bankas is the first supervisory authority to join the platform. This is an important step not only in developing the system itself, but also in strengthening the resilience of the financial sector as a whole. The Agreement facilitates the implementation of the Law on Cybersecurity, the NIS2 Directive and the DORA Regulation. This is a major achievement of cross-sectoral cooperation in strengthening cybersecurity in Lithuania in a unified way,” says Antanas Aleknavičius, Director of the NCSC.
The agreement also provides for communication channels relevant for responding to potential threats or large-scale cyber crises. The NCSC will provide expert assistance to Lietuvos bankas, ensure the monitoring of compliance with cybersecurity requirements, and organise joint exercises and trainings. This will strengthen not only institutional preparedness, but also the capacity of the sector as a whole to face cyber challenges.
This agreement is part of a coherent national policy to strengthen cybersecurity, based on an institutionally coordinated response to nationwide threats. Other national institutions working on cyber incidents and threats are expected to follow the example of Lietuvos bankas.