Amman, Feb. 20 (Petra)– In partnership with the global company “Immersive Labs,” the Financial and Banking Sector Cyber Incident Response Team of the Central Bank of Jordan (CBJ) conducted an entertaining practical exercise that replicated cyberattacks on financial institutions in the Kingdom.

In an effort to strengthen the banking industry’s resilience and assess its capacity to handle sophisticated cyberattacks, the Central Bank plans to conduct a number of exercises this year, Deputy Governor Khaldoun Al-Wishah said.

Since safeguarding the financial infrastructure from cyberattacks helps to boost investor confidence and maintain a secure environment that fosters economic growth especially given the sector’s rapid digital transformational, he clarified that these actions constitute a pillar to ensure the stability of the national economy. Al-Wishah also disclosed the bank’s intention to integrate cyber laws with operational protocols by stepping up regular exercises and adding sector-specific evaluations.

The Cyber Incident Response Unit’s Director, Ibrahim Al Shafei, noted that the exercise included scenarios that mimicked sophisticated cyberattacks, like malware and critical system hacking, in order to evaluate the institutions’ response times and the level of coordination with regulatory bodies.

//Petra// MF

21/02/2025 00:00:53