The Shared Responsibility Framework (SRF) requires financial institutions to impose a cooling-off period upon activation of digital security tokens. This 12-hour minimum period gives customers sufficient time to act on abnormal activities on their accounts while balancing the inconvenience to customers.
The Shared Responsibility Framework requires financial institutions to impose a cooling-off period upon activation of digital security tokens. This 12-hour minimum period gives customers sufficient time to act on abnormal activities on their accounts while balancing the inconvenience to customers. In calibrating this threshold, a balance must be struck between protecting customers and the inconvenience posed to consumers conducting legitimate transactions.
The Shared Responsibility Framework requires financial institutions to impose a cooling-off period upon activation of digital security tokens. This 12-hour minimum period gives customers sufficient time to act on abnormal activities on their accounts while balancing the inconvenience to customers. In calibrating this threshold, a balance must be struck between protecting customers and the inconvenience posed to consumers conducting legitimate transactions.
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