Legislation

Cybersecurity Framework for Jordan Financial Sector

Stemming from the Central Bank of Jordan's recognition of the evolving cyber risks in the financial industry due to the expansion in digitizing services, and the CBJ's commitment towards maintaining a secured infrastructure and environment in the financial industry in the Kingdom, CBJ announces the completion of the first version of “Cybersecurity Framework for the Financial Sector”. The framework came as a result of great collaboration and synergy with banking sector members in Jordan.
The main aim of the framework is to offer a better understanding of the cyber threat landscape against the sector, and it outlines the procedures and requirements necessary to ensure cyber-resilient sectoral infrastructure. Another major goal of the framework is to ensure the commitment of members in applying the most suitable, efficient and effective controls following a risk-based approach. In addition to concerting efforts and capabilities in managing and handling organizational and sectoral cyber-incidents.
This framework is among FinCERT’s main initiatives. FinCERT is a collaborative team headed by CBJ with the membership of Jordanian banks. It is also worth mentioning that among FinCERT’s chief initiatives is establishing a sectoral information sharing and analytic platform for the community in order to improve the exchange and disseminate of vital information concerning global and local incidents, threats, and vulnerabilities in timely manner.