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The Central Bank of Jordan organizes the first interactive cyber drill to test the readiness of financial institutions in facing cyber threats

The Central Bank of Jordan organizes the first interactive cyber drill to test the readiness of financial institutions in facing cyber threats

 

Amman 20th of Feb,2025, Jordan's Central Bank's Cyber Emergency Response Team (Jo-FinCERT) for the financial and banking sector, in collaboration with the global company “Immersive Labs”, conducted an interactive exercise simulating cyberattacks on financial institutions in the Hashemite kingdom of Jordan.

His excellency Deputy Governor Dr. Khaldoun Al-Weshah, stated that this exercise is part of a series of drills the Central Bank plans to implement this year, in line with its efforts to enhance the banking sector’s resilience and test its ability to handle evolving cyber threats.

He explained that these efforts are crucial for maintaining a stable national economy as protecting financial infrastructure from cyberattacks helps boost investor confidence and ensures a secure environment that supports economic growth, especially as the sector undergoes rapid digital transformation.

Additionally, Al-Weshah mentioned that the Central Bank plans to intensify periodic exercises and implement tailored assessments for financial institutions, insuring alignment between cybersecurity regulations and practical measures.

Furthermore, Ibrahim Al-Shafie, Executive manager of the Cyber Incident Response Unit, said the exercise included scenarios mimicking advanced cyberattacks, such as malware infections and breaches of critical systems. The goal was to evaluate how quickly institutions respond and how well they coordinate with regulators. Stating that, “These drills are a powerful way to strengthen the sector’s digital defenses," he added. "They help identify weak points, improve readiness, and prepare financial institutions for sophisticated threats—including targeted attacks on digital banking services that pose direct challenges to financial system stability.”

Al-Shafie emphasized that the Central Bank is committed to promoting cybersecurity awareness and improving the skills of national personnel in handling cyber crises. This aligns with the bank’s broader strategy, which treats cybersecurity as a top priority—not just to safeguard financial services but also to protect the national economy from disruptions that could slow down development and the sector appeal to investors.

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