CBJ intensifies efforts to enhance cyber security — Sharkas

The Central Bank of Jordan (CBJ) is continuing to information and technology in financial and banking sector institutions, its director said. (Photo: CBJ)
AMMAN — Central Bank of Jordan (CBJ) Governor Adel Al-Sharkas said that the bank has intensified its efforts to enhance cyber security in recent years to protect the banking sector’s institutions, according to Jo24.اضافة اعلان

During the opening of the Arab Banking Cyber Security Forum on Tuesday, entitled “cyber security and the challenges of financial stability and the criminal investigation readiness”, Sharkas said that the CBJ had issued cyber risks adaptation instructions, which serve as the basis for guiding all banking sector institutions on the need for cybersecurity governance and cyber risk management.

At the beginning of this year, the CBJ developed a special cyber-incident response unit for the financial and banking sector in partnership with the banking sector. The unit has initiated the policy framework and the required instructions to enhance cyber security for the banking sector institutions.

Sharkas noted that the CBJ continues to monitor information and technology in financial and banking sector institutions, and is moving forward in the implementation of field inspections on their activities to ensure their integrity and detection of irregularities that may subject such institutions to cyber intrusions.

Sharkas clarified that the importance of protection systems, networks and programs has recently increased in the face of digital attacks that are usually aimed at accessing and exploiting critical information and disrupting business transactions, making cyber security a key part of any nation’s economic and national security system.

In July 2021, the CBJ launched the first version of the financial and banking sector cyber security framework, which was prepared with the participation of operating banks in the Kingdom, according to Bassem Al-Salem, chairman of the Association of Banks in Jordan.

Read more Business