Jordan’s Central Bank Unveils Cybersecurity Framework to Combat Rising Threats in Finance Industry

A Comprehensive Guide to Combating Cyber Threats in Jordan’s Financial Sector

Amidst growing concerns over the increasing sophistication of cyber threats, Jordan’s Central Bank (CBJ) has announced the completion of its inaugural “Cybersecurity Framework for the Financial Sector”, a groundbreaking initiative aimed at bolstering the country’s financial infrastructure against digital attacks.

The Framework: A Comprehensive Guide to Cybersecurity

The framework serves as a comprehensive guide to understanding the ever-evolving cyber threat landscape that poses a significant risk to Jordan’s financial industry. It outlines the necessary procedures and requirements for ensuring a resilient and secure sectoral infrastructure, while also promoting the adoption of risk-based controls to prevent and mitigate potential threats.

Key Objectives

• To encourage CBJ members to implement efficient and effective security measures, thereby enhancing their overall cyber resilience
• To foster cooperation and coordination among stakeholders in managing and responding to cyber incidents at both organizational and sectoral levels

The Role of FinCERT

The Cybersecurity Framework for the Financial Sector is part of a broader effort by FinCERT, a collaborative team led by CBJ that comprises Jordanian banks. FinCERT aims to establish a sectoral information sharing and analysis platform to facilitate the exchange of critical threat intelligence and incident response information in real-time.

Expert Opinion

Experts hail the framework as a significant step forward in combating cybercrime in Jordan’s finance industry, emphasizing its potential to enhance the country’s overall financial stability and reputation.

Availability

The full Cybersecurity Framework for the Financial Sector is available for download at [insert link].