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Jordanian Central Bank Launches Cybersecurity Framework to Protect Financial Sector

Amman - The Central Bank of Jordan (CBJ) has launched its first Cybersecurity Framework for the Financial Sector, aimed at safeguarding the Kingdom’s financial sector from emerging cyber risks.

Comprehensive Understanding of Evolving Threat Landscape

The framework provides a comprehensive understanding of the evolving cyber threat landscape in Jordan and outlines necessary procedures and requirements to ensure a resilient infrastructure. Developed through close collaboration with Jordanian banks, it promotes a risk-based approach to cybersecurity, ensuring that financial institutions apply the most effective controls to mitigate potential threats.

Enhancing Cybersecurity Capabilities

The framework seeks to enhance the ability of organizations and the sector as a whole to manage and respond to cyber incidents in a timely manner. It also aims to promote a culture of cybersecurity awareness and best practices throughout the financial sector.

Sectoral Information Sharing and Analysis Platform

FinCERT, a collaborative team led by CBJ and comprising Jordanian banks, played a key role in developing the framework. The initiative also includes establishing a sectoral information sharing and analysis platform to facilitate the exchange of vital information on global and local threats, incidents, and vulnerabilities.

Industry Expert Perspective

According to industry experts, the launch of the Cybersecurity Framework for the Financial Sector is a significant step towards protecting Jordan’s financial sector from growing cyber threats. “The framework will help ensure that our financial institutions are better equipped to detect and respond to potential attacks, ultimately safeguarding the financial well-being of Jordanians,” said a senior banking official.

Accessing the Framework

The full Cybersecurity Framework for the Financial Sector can be accessed on the CBJ website.

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