Azerbaijan proposes to introduce ICT risk insurance

Finance Materials 14 March 2019 09:28 (UTC +04:00)

Baku, Azerbaijan, Mar. 14

By Kheyraddin Nasirzade – Trend:

The steps taken in Azerbaijan to introduce risk management in the field of ICT cannot be considered satisfactory, said Ali Bayramov, executive director of the Azerbaijan Accountants and Risk Professionals Association (ARPA).

In an interview with Trend, he noted that in this regard, ARPA conducted numerous free trainings to inform entrepreneurs in this field about the importance of risk management.

In order to improve the situation with risk management, Bayramov proposed to introduce ICT risk insurance.

“It will be possible to minimize the rest of the risks with the appropriate tools,” he added.

Bayramov also stressed the importance of risk management in terms of countering cyber threats.