Regulatory Alerts2024-01-13
Added · Updated
Palestine Monetary Authority Circular No. 21 of 2024 on IT Operational Events and Information Security
The Palestine Monetary Authority requires all exchange companies and offices operating in Palestine to immediately notify the Authority of IT operational events and cyberattacks, including successful or failed security breaches, system failures, unauthorized access, and data leaks, regardless of service interruption duration. These notifications must be submitted via email or phone and reinforced with a detailed written report within two days of the incident.
PALESTINE MONETARY AUTHORITY
Circular No. (21 / 2024) To all exchange companies/offices operating in Palestine Date: Sunday, October 13, 2024
Subject: IT Operational Events / Information Security
In order to mitigate operational risks that the exchange sector may be exposed to, and to avoid negatively affecting the integrity and continuity of its operations in light of the increasing volume of cyberattacks, and to mitigate expected risks, and based on best standards and practices and our relevant instructions, all exchange companies/offices are requested to comply with the following:
-
Notify the Palestine Monetary Authority immediately, without delay, of technical operational events and cyberattacks that they or any third party contracted with them may be exposed to, which affect or are likely to affect the operation of their systems and services, regardless of the duration of interruption or irregularity of service, including: a. Cyberattacks and any breach of information security, whether successful or failed. b. Failure, stoppage, or disruption of system operations, including surveillance camera systems. c. Unauthorized access to systems. d. Data leaks.
-
Immediate reporting shall be made via email (mchangers@pma.ps) or phone/mobile, and must be reinforced in writing with detailed information within a maximum of two days from the date of the event.
Supervision Group Palestine Monetary Authority
www.pma.ps Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps | Postal code: P6160675
More like this from PMA
We email you every new PMA publication the day it's published.