Is an insurer, in Lebanon

Banque du Liban Basic Decision No. 12725 of 28 November 2017 (Basic Circular No. 144 to Banks, also addressed to Financial Institutions), Prevention of Electronic Criminal Acts, Arts. 1-6 · Read the law's page

• Prepare policies and take preventive measures and procedures against crimes committed by electronic means, including a cybercrime risk analysis, a budget for an information-technology security policy, insurance covering electronic-crime risk, a continuously updated incident-response and business-continuity plan, a dedicated prevention team, and employee and customer awareness training.for a financial business
• Adopt at least two-factor authentication for any user accessing the system from outside the bank or financial institution, fully encrypt highly sensitive data, filter inbound email, verify the security of devices employees use outside the institution, run penetration testing, monitor network traffic, and verify data integrity.when it serves a financial business
• On learning that a customer has fallen victim to a financially-natured electronic crime, notify Lebanon's Special Investigation Commission of the relevant technical information and direct the customer to file a judicial complaint.when it serves a financial business
• Maintain a Compliance Department responsible for implementing this Decision.for a financial business
• This binds a bank or financial institution addressed by Banque du Liban's Basic Circular No. 144, in force since 28 November 2017.