BAKU, Azerbaijan, June 13. Amendments to the bill "On protection of personal information" are being prepared in Azerbaijan, Deputy Head of the Electronic Security Service under the Ministry of Digital Development and Transport of Azerbaijan Samir Rasulov said during a financial technology (fintech) summit in Baku, Trend reports.
According to him, under this bill, modern standards for the protection of personal data will be applied.
"Due to the rapid growth of technologies and cyber attacks, it became necessary to accelerate the adoption of a new bill to protect our citizens. Therefore, the relevant structures have prepared changes. Currently, the bill is at the stage of approval," Rasulov added.
The two day event (fintech summit) supported by Azerbaijan Banks Association (ABA), Azerbaijan Fintech Association, Central Bank, Ministry of Digital Development and Transport, Center for Analysis of Economic Reforms and Communication is one of the two annual events organized in Baku, Azerbaijan (second one is an annual Banking Forum organized each year in November), and the most famous finance and banking events in the region gathering together CEOs and management of relevant government bodies, top management of commercial banks and fintechs, managers of commercial and public organizations, representatives of international financial institutions, academician, famous companies providing finance and banking products and solutions, and other stakeholders.