Regulatory Alerts2022-01-01
Circular No. (23/2022): Control of Access to Credit Information Systems
The Palestine Monetary Authority issued Circular No. (23/2022) mandating enhanced security protocols for accessing credit information systems across all specialized lending institutions in Palestine. The directive requires immediate implementation of multi-factor authentication via time-limited email codes, mandatory 60-day password rotations with strict complexity rules, automatic session timeouts after twenty minutes of inactivity, and account suspension after five failed login attempts. Institutions must enforce these measures, clear all user browser data, and disseminate the guidelines by June 12, 2022, under the oversight of the Financial Stability Group.
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