of Agencies 1  Raiffeisen Bank  37  46  2  National Commercial Bank  22  9  3  United Bank of Albania  3  1  4  Italian Albanian Bank  5  Italian Development Bank (former Dardania)  1  6  Tirana Bank  31  4  7  National Bank of Greece (Tirana Branch)  4  8  8  International Commercial Bank  5  9  Alpha Bank (Tirana Branch)  9  1  10  American Bank of Albania  10  11  11  ProCredit Bank  20  1  12  First Investment Branch)  1  1  13  Emporiki Bank  3  4  14  Credit Bank of Albania  1  1  15  Credins Bank  10  4  16  Banka Popullore  29  17  Union Bank  1  3  TOTAL  187  100  1  6  Bank  (Tirana  According to INSTAT, the population of Albania totalled 3,102,777 inhabitants in 2003, 3,119,543 in 2004 and 3,134,982 in 2005. BIS Review 101/2006  3  5.
In addressing these threats, it is important to operate under the assumption that it is not a matter of “if” but rather “when” these threats will occur, and focusing solely on “protection” and “detection” is no longer sufficient. In other words, cybersecurity alone is not enough, but we also need to proactively think about cyber resilience: how do we not only prepare, but also withstand and recover from disruptions. In the short time I have today, I’d like to highlight three key drivers for effective cyber resilience. First, cyber resilience is not only the responsibility of a company’s IT department, but rather an important, organization-wide agenda. The board of directors and senior management must understand and endeavor to prioritize cyber risk management frameworks into the organization’s operation. This includes making sure that cyber resilience policies put in place are applied effectively, setting a clear organizational structure that includes the roles and responsibilities of staff across all levels, establishing a risk management process according to international practices, and ensuring that employees are always vigilant on cyber security issues. The Bank of Thailand, for example, requires financial institutions to have at least one member with IT knowledge or IT-related experiences to be on the board of directors. We also organize regular capacity-building courses for board members and high-level executives from Thai financial institutions to provide them with the knowledge and 2  understanding of how to address cyber threats.