Regulatory Alerts2022-01-01
Circular No. 281 Evaluation and Strengthening of the Information Technology Environment
The Palestine Monetary Authority requires all Palestinian banks to submit a cybersecurity assessment report and corrective action timeline by December 31, 2022. Institutions must implement DDoS mitigation controls, restrict encryption key usage to internal networks, and obtain prior regulatory approval before deploying any cloud-based security solutions. Furthermore, banks are mandated to conduct specialized DDoS simulation exercises, execute required penetration testing, and demonstrate full compliance with PCI-DSS standards per Circular No. 6/2022.
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