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CBA, IMF prepare cybersecurity strategy for Azerbaijani banks

Economy Materials 1 February 2023 12:09 (UTC +04:00)
CBA, IMF prepare cybersecurity strategy for Azerbaijani banks
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, February 1. The Central Bank of Azerbaijan (CBA) and the International Monetary Fund (IMF) are preparing a cybersecurity strategy for Azerbaijani banks, Farid Osmanov, CBA Executive Director, said at the press conference on changes in the interest rate, Trend reports.

According to him, this strategy is currently under discussion, and additional information is expected to be disclosed in the near future.

"Against the backdrop of digitalization and active transformation, the Central Bank continues to advise banks on strengthening the digital information system," he added.

The strategy will be designed for three years, and its implementation will begin this year. Cybersecurity is among the issues of most focus of the CBA.

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