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Regulations for security of internet banking

The SBP has issued regulations for security of internet banking, which will be effective April 1, 2016.

It has taken this action in view of increasing usage of internet banking, and to protect and safeguard the interests of its customers and users. These regulations will help introduce international best practices for safeguarding this important delivery channel.

Banks are required to implement two factor authentication and initiate a formal customer awareness program regarding security threats and other risks associated with internet banking as well as liabilities, roles and responsibilities of the customers and banks related to internet banking.


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