{"id":621230,"date":"2018-11-04T05:08:29","date_gmt":"2018-11-04T05:08:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/"},"modified":"2018-11-04T05:08:29","modified_gmt":"2018-11-04T05:08:29","slug":"insurance-act-to-require-insurance-on-electronic-banking-transactions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/","title":{"rendered":"Insurance Act to require insurance on electronic banking transactions"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- Insurance Act to require insurance on electronic banking transactions:<\/strong> The Insurance Act, which is currently under review by the Financial Regulatory Authority (FRA) board, is expected to introduce compulsory insurance on internet banking to protect banks against cyber attacks, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/31\/1146788\">FRA boss Mohamed Omran said<\/a>. The legislation, which would make FRA the primary regulatory for the insurance sector, is also expected to introduce compulsory insurance for SMEs and make insurance cover mandatory for public gatherings and venues. FRA plans to send the first draft of the proposed legislation to the Public Enterprises Ministry, the Insurance Federation of Egypt, and the Egyptian Healthcare Management Society before mid-month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- Insurance Act to require insurance on electronic banking transactions: The Insurance Act, which is currently under review by the Financial Regulatory Authority (FRA) board, is expected to introduce compulsory insurance on internet banking to protect banks against cyber attacks, FRA boss Mohamed Omran said. The legislation, which would make FRA the primary regulatory [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,377,72,76,181,180,2380,703],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621230","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-cybersecurity","tag-enterpriseam","tag-financial-regulatory-authority","tag-insurance","tag-legislation","tag-speed-round","tag-unified-insurance-act","wpautop","entry"],"acf":{"mongo_id":"bfbc0c9f-f2e7-46c2-9bc7-4960c8865609","order":"0","is_powered_by":true,"section_story_id":"34503f00-5e70-452d-8efa-b46f3acbb1b6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621212],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Insurance Act to require insurance on electronic banking transactions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance Act to require insurance on electronic banking transactions\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Insurance Act to require insurance on electronic banking transactions: The Insurance Act, which is currently under review by the Financial Regulatory Authority (FRA) board, is expected to introduce compulsory insurance on internet banking to protect banks against cyber attacks, FRA boss Mohamed Omran said. The legislation, which would make FRA the primary regulatory [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-04T05:08:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Insurance Act to require insurance on electronic banking transactions\",\"datePublished\":\"2018-11-04T05:08:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"cybersecurity\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"insurance\",\"legislation\",\"SPEED ROUND\",\"Unified Insurance Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/insurance-act-to-require-insurance-on-electronic-banking-transactions\/\",\"name\":\"Insurance Act to require insurance on electronic banking transactions - 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