CBO Circular
The Electronic Banking System CBO circular
What is BM1136?
What is usually referred to as the 'weakest link' in information security
What are humans / people?
In order to proceed with an online transaction, you are prompted to enter this as a form of second factor authentication
What is an OTP?
The year internet banking arrived in Oman
What is 2002?
An international bank transfer
What is SWIFT?
The publishing date of the CBO Electronic Banking Systems circular
What is June 2015?
An attack that affects the availability of a system
What is a DDoS attack?
Communication channels use this control to ensure transaction data remains secured
What is encryption
This allows customers to withdraw cash
What are ATMs?
Banking over the phone
What is IVR?
CBO's Electronic Banking Circular refers to which international principles?
What is Basel Committee's Risk Management Principles for Electronic Banking?
Requesting money for retrieving encrypted data
What is ransomware?
Customers receive this when a transaction is made using their account
What is an SMS?
This allows customers to deposit cash and cheques
What are CDMs?
Customers require this to login to their mobile banking application
What is a password?
CBO's circular guides banks to have this to detect and monitor suspicious transactions
What is an automated fraud monitoring mechanism?
When hackers exploit this vulnerability before developers can fix it
What is a 0 day attack?
System configurations are set based on this
What are minimum security baselines (MSBs)?
The full term of POS is
What is point of sale?
A card that you load money into
What is pre-paid?
CBO advises VAPT take place this many times
What is quarterly by internal security teams and yearly by external experts?
When adversaries deceive / manipulate people into divulging confidential / personal information
What is social engineering?
To warn customers against phishing attacks, banks usually promote this
What are security awareness campaigns?
What is contactless?
eBanking is convenient to most customers as it is available...
What is 24x7?