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Comprehensive Security Regulations for Internet Banking in Pakistan

This comprehensive set of regulations outlines various requirements and guidelines for banks to ensure the secure provision of Internet Banking (IB) services in Pakistan.

Key Points at a Glance

1. Security Controls Implementation

Banks must implement and maintain security controls, including:

Access control
Authentication
Authorization
Audit logging
Data encryption
Disaster recovery (DR) plan

2. Outsourced Functions

Service providers of outsourced functions related to IB must comply with these regulations.

3. Security Controls Monitoring

Banks must develop and implement a formally approved mechanism for monitoring security controls, including:

Network activity monitoring
Intrusion detection system (IDS)/intrusion prevention system (IPS) monitoring
Authentication control monitoring
System restoration procedures

4. Customer Awareness

Banks must develop and implement a formal customer awareness program to educate customers about IB threats and safeguards.

5. Reporting Requirements

Banks must report all established security breaches to the Payment Systems Department of State Bank of Pakistan (SBP) on a quarterly basis.

Important Note

These guidelines are subject to relevant laws, rules, and regulations issued by SBP from time to time. This document is likely intended for banks in Pakistan and may not be applicable or relevant to banks in other countries.