The constant evolution of technology and the rise of digital technology have opened many doors to ease of access to information and online services. However, it has also opened the door to new cybersecurity threats and risks. In this context, it is essential for authorities to put in place effective measures to protect infrastructure and sensitive information from cybercriminal attacks.
With this in mind, a country’s main financial institution recently announced an important measure to strengthen the security of electronic transactions. This initiative, revealed in an official press release, provides for the establishment of a tax of 0.5% on the value of all electronic transactions carried out by companies specified under the cybercrime law.
This tax aims to fund the National Cybersecurity Fund, placed under the aegis of the Office of the National Security Advisor. The objective is to strengthen the resources allocated to the prevention and fight against computer crimes, so as to guarantee the protection of sensitive data and information systems against cyberattacks.
The implementation of this tax should begin in the coming weeks, with a monthly frequency for the payment of levies to the competent authorities. All financial institutions subject to the regulation of the institution issuing this press release are required to comply with this new legal provision.
This measure is part of a global trend of strengthening cybersecurity policies, at a time when cybercriminal threats are increasing and becoming more sophisticated. By taking a proactive approach to digital security, authorities seek to anticipate potential risks and strengthen the resilience of critical infrastructure to cyber threats.
In conclusion, the implementation of this tax on electronic transactions is a crucial preventive measure to strengthen cybersecurity and protect the economic and financial interests of the country. By investing in the prevention and protection against cyberattacks, IT security authorities are showing their commitment to ensuring a secure and reliable digital environment for all stakeholders in the business and financial world.