Jordan’s Central Bank Unveils Cybersecurity Framework to Combat Financial Crime

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In an effort to ensure a secure financial infrastructure, Jordan’s Central Bank has announced the completion of the first version of “Cybersecurity Framework for the Financial Sector”. This framework is the result of close collaboration between the Central Bank and members of the banking sector.

Primary Objectives

The primary objective of this framework is to:

• Provide a comprehensive understanding of the cyber threat landscape facing the financial industry in Jordan
• Outline procedures and requirements necessary to ensure a cyber-resilient infrastructure
• Ensure that members commit to applying effective controls using a risk-based approach
• Concert efforts and capabilities in managing and handling organizational and sectoral cyber-incidents

Collaboration with FinCERT

This development is part of FinCERT’s initiatives, a collaborative team led by the Central Bank with membership from Jordanian banks. Another key initiative of FinCERT is establishing a sectoral information sharing and analytic platform to facilitate timely exchange and dissemination of vital information concerning global and local incidents, threats, and vulnerabilities.

Accessing the Framework

The “Cybersecurity Framework for the Financial Sector” can be accessed in PDF format at [insert link].

Conclusion

This significant step by Jordan’s Central Bank demonstrates its commitment to maintaining a secure financial infrastructure and preventing financial crime in the country. The framework is an important milestone in ensuring the safety and security of financial transactions in Jordan.