State Bank of Pakistan asks banks to submit details of Internet security breaches

The Daily Times reports:

The State Bank of Pakistan (SBP) has directed the banks to report in details about all established security breaches, its analysis and its designated payment systems department, on quarterly basis to explain the impact of security breaches on institution’s business, systems, applications and customers.

The directives were issued in the SBP “Regulations for the Security of Internet Banking” to provide the banks a minimum set of operational, administrative, technical and physical safeguards to secure Internet banking offered by the banks in Pakistan.

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These regulations would be effective from 1st April 2016.

Read more on The Daily Times.

Related: Regulations for the Security of Internet Banking (pdf)

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