Financial Crime World

Here is the rewritten article in Markdown format:

Jordan’s Central Bank Unveils Cybersecurity Framework for Financial Sector Amid Growing Digital Risks

In a significant move to secure Jordan’s financial infrastructure, the country’s Central Bank (CBJ) has announced the completion of its “Cybersecurity Framework for the Financial Sector”. This framework is the result of close collaboration between the CBJ and Jordanian banking sector members.

Objectives of the Framework

The primary objective of this framework is to provide a comprehensive understanding of the cyber threat landscape facing the financial sector. It outlines procedures and requirements necessary to ensure a resilient and secure infrastructure. Additionally, it aims to foster commitment among sectoral members to adopt suitable, efficient, and effective controls using a risk-based approach.

Key Features

  • Facilitates coordinated efforts and capabilities in managing and handling organizational and sectoral cyber-incident responses.
  • Provides a comprehensive understanding of the cyber threat landscape facing the financial sector.
  • Outlines procedures and requirements necessary to ensure a resilient and secure infrastructure.
  • Fosters commitment among sectoral members to adopt suitable, efficient, and effective controls using a risk-based approach.

Sectoral Information Sharing and Analytics Platform

FinCERT (Financial Sector Cybersecurity Team), led by the CBJ with membership from Jordanian banks, is working on establishing a sectoral information sharing and analytics platform. This platform aims to improve the exchange and dissemination of vital information on global and local incidents, threats, and vulnerabilities in a timely manner. The platform is designed to enhance the financial community’s ability to respond effectively to emerging cyber risks.

Availability

The “Cybersecurity Framework for the Financial Sector” can be accessed by downloading the 2.2MB PDF file.

Conclusion

This development underscores the CBJ’s commitment to maintaining a secure environment in Jordan’s financial industry, and its recognition of the urgent need to address the growing digital threats facing the sector.