Manage Emergency Policy

Learn how to implement and manage emergency policies in Cobo Portal for immediate risk control.

Emergency policies are designed for contingency situations. When risks are detected, create an emergency policy to immediately tighten transaction controls, enforcing auto rejection or auto quorum for all transactions across your organization. While this provides immediate protection, be sure to investigate and address the underlying risks.

The emergency policy applies to all transactions initiated from Cobo Portal, except for transfers between Sub Accounts and associated Main Accounts of Exchange Wallets.

Prerequisite: By default, permission to manage the emergency policy is restricted to Admins. You can also configure custom user roles to include this permission.

Create an emergency policy

1. Log into Cobo Portal.

2. Click and then click Transaction Policies.

3. Click Manage Emergency Policy.

4. In the pop-up window, select one of the following actions:

   • Auto Rejection: Any transaction will be automatically rejected
   • Approval Quorum: Any transaction will require a specified number of approvals to proceed

5. Click Submit to implement the policy.

6. Complete MFA verification when prompted.

7. Once created, the emergency policy will appear at the top of the Transaction Policies list with the highest priority.

The emergency policy requires no approval and takes effect immediately.

Edit an emergency policy

You can edit an existing emergency policy in one of the following ways on the Transaction Policies page:

• Click the Manage Emergency Policy button
• Locate your emergency policy at the top of the list, click in the Operations column, and then click Edit

In the pop-up window, make your changes and submit.

• Switch from Auto Rejection to Approval Quorum (requires going through your organization’s approval process)
• Switch from Approval Quorum to Auto Rejection (takes effect immediately)
• Modify Approval Quorum settings (requires going through your organization’s approval process)

Delete an emergency policy

1. On the Transaction Policies page, locate your emergency policy at the top of the list.
2. Click in the Operations column and click Delete.
3. The deletion requires going through your organization’s approval process to complete.

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