Regulatory Alerts2019-08-06
Added · Updated
Circular on Cybersecurity Measures for Electronic Fund Transfers
The Central Bank of Jordan mandates banks operating in the Kingdom to implement electronic channels with appropriate security standards, including Two-Factor Authentication, to verify sender identity for fund transfers. Banks must also instruct employees to exercise due care in verifying email-based transfer requests until these systems are fully deployed. This circular voids previous circular No. 4/10/10611 and requires banks to submit an implementation timeline for the new security provisions.
Topics
Share