Financial Crime World

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Jordanian Financial Institutions Take Cybersecurity Seriously

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The Bank of Jordan Group has made significant strides in implementing robust cybersecurity measures to protect its customers’ sensitive information. The bank’s Cyber and Information Security Policy provides a comprehensive set of protection protocols that are uniformly applied across all operations, ensuring a secure environment for its business activities.

Why Cybersecurity Matters

  • Safeguarding customer information
  • Protecting organizational data and IT systems
  • Maintaining reputation, competitive edge, cash flow, profitability, and compliance with regulatory requirements

Tips on How to Avoid Phishing

In light of the growing threat of phishing attacks via SMS, Bank of Jordan is offering customers valuable advice on how to avoid falling prey to these scams. Phishing is a type of electronic fraud that involves tricking individuals into revealing sensitive information by disguising as a legitimate entity.

Be Cautious and Verify Identity

  • Be cautious when receiving unsolicited messages or calls asking for personal or banking information
  • Verify the identity of the person making the request before sharing any information
  • Do not share your password with anyone, and never write it down in a conspicuous place

Create Strong Passwords

  • Use strong passwords that are at least 8 characters long and include upper and lower case letters, numbers, and special symbols
  • Avoid using easily guessable passwords such as names, dates of birth, or phone numbers

Social Engineering: The Dark Side of Cybersecurity

Social engineering is another type of cyber attack that involves manipulating individuals into divulging sensitive information. This can be done through various means, including persuasion, spying, and eavesdropping.

Common Types of Social Engineering Attacks

  • Human-based engineering, which involves communicating with victims via phone or social media to gain their trust
  • Technology-based engineering, which uses programs and techniques to access information

Protect Yourself from Social Engineering Attacks

  • Do not trust unsolicited communication requests for personal or banking information
  • Verify the identity of the person making the request before sharing any information
  • Keep your important papers and documents in a secure place and destroy them if you no longer need them
  • Avoid interacting with suspicious emails, mobile messages, or social media links

Conclusion

By being aware of these threats and taking proactive measures to protect yourself, you can help safeguard your sensitive information and prevent falling victim to cyber attacks. Stay safe online!