Iberpay plays a critical and essential role in ensuring the financial stability and economic development of the country. Recognized by the Eurosistema as a Financial Market Infrastructure (FMI) and designated at the national level as critical infrastructure and operator of essential services, ensuring the security of operations, business continuity, and ultimately the highest cyber resilience of all the services and technical platforms it manages is of utmost strategic priority for Iberpay. Likewise, information is considered a valuable asset that must be accurate, timely, and relevant, being essential for the effectiveness of our business. In recent years, cybersecurity strategies have been tested like never before.
The threat of cybercrime has substantially increased globally in the last years, not only in terms of the number of attacks but also in terms of their sophistication. The rapid digitization of society and the economy constantly presents new opportunities for cybercriminals, causing not only significant economic damages but also serious consequences in the lives of citizens and in the welfare of society. To the above is added the operational complexity of new payment systems in an increasingly interconnected and interdependent environment at the European and global levels, with high requirements for real-time processing and non-stop 24x7 operation.
In this context, Iberpay's security and continuity strategy takes on maximum importance and strategic priority for the company's management, involving a continuous effort to ensure the maximum effectiveness and efficiency of the technical and organizational measures implemented to combat cyber threats. Thus, the Management of Iberpay is firmly committed to continuous improvement and its responsibility to propel the necessary security and continuity protocols that minimize the risks to which the company is exposed in achieving the strategic objectives of the business. It recognizes the importance of control measures to minimize risks arising from threats such as errors, fraud, embezzlement, sabotage, terrorism, extortion, industrial espionage, privacy violations, service interruptions, and natural disasters, among others.
Last update: October 13, 2022