Regulatory Alerts2023-06-21
Circular Letter No. CC/2023/00000025
Banco de Portugal issued Circular Letter No. CC/2023/00000025 to transmit recommendations aimed at minimizing the impacts of phishing events on clients. The directive applies to credit institutions, electronic money institutions, and payment institutions, requiring them to implement measures to protect customers from operational and information security risks. This regulatory guidance focuses on enhancing prudential standards and reporting mechanisms to mitigate phishing-related threats within the financial sector.
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