Jerash: The Central Bank of Jordan has announced the launch of a sectoral roadmap to transition the financial and banking sectors to quantum-resistant encryption, a strategic initiative aimed at strengthening future readiness amid rapid technological developments and growing cyber and operational risks.
According to Jordan News Agency, the move is part of ongoing efforts to bolster Jordan's position as a secure and trusted financial hub in the region, ensuring the continuity and safety of the financial sector in the face of emerging challenges.
The roadmap is designed to provide a secure and stable digital financial environment by enabling financial institutions to systematically prepare for the potential impacts of quantum computing on existing encryption systems. It emphasizes a phased and structured approach to adopting quantum-resistant encryption solutions in line with international best practices and recommendations from relevant authorities.
Key elements of the roadmap include establishing a clear and systematic transition path, integrating quantum-computing-related risks into institutional risk registers, enhancing governance, and building institutional capacities to support the long-term shift. The plan also calls for the identification of cryptographic assets, prioritizing transitions based on risk assessments, and conducting pilot tests of quantum-resistant encryption in non-operational virtual environments before full implementation within a defined timeline.
The Central Bank highlighted the importance of coordination and integration among all stakeholders, including financial institutions, technology providers, and partners, stressing that the initiative reflects a proactive commitment to equip Jordan's financial and banking sectors for future challenges. The plan aims to ensure that the sector evolves into a quantum-resistant environment, aligned with global cybersecurity standards, strengthening confidence in the Jordanian financial system while maintaining its long-term stability and competitiveness.