BAKU, Azerbaijan, May 14. The Central Bank of Azerbaijan (CBA) adopted a "Cybersecurity Strategy in financial markets" this week, Trend reports.
The strategy of the CBA is aimed at creating a sustainable cybersecurity environment in financial markets, which includes the following:
- strengthening the regulatory structure and supervision of information security and cybersecurity in financial markets;
- strengthening the culture of cyber risk management in financial markets;
- formation of the information technology management structure in order to strengthen the level of cybersecurity in financial markets;
- strengthening cyber resilience in financial markets;
- formation of a culture of information security and cybersecurity in financial markets.
The CBA plans to implement measures to ensure information security in the Azerbaijani financial sector, in particular to strengthen cyber resilience
Meanwhile, the International Monetary Fund (IMF) published a forecast according to which the nominal GDP of Azerbaijan will amount to $70 billion in 2023. According to the forecast, the nominal GDP of Azerbaijan will amount to $74.5 billion in 2024.
Furthermore, the Dutch company ING published a forecast for inflation in Azerbaijan. According to the forecast, the average annual inflation will be 4.9 percent in 2024, and 4.5 percent - in 2025.