Azerbaijani processing center insures its cyber risks
Baku, Azerbaijan, Jan. 30
By Huseyn Veliyev - Trend:
Azerbaijani processing center Azericard LLC has insured its cyber risks, Deputy Director General of AzeriCard Zakir Ahmadov told reporters on Jan. 30, Trend reports.
Ahmadov noted that two large insurance companies PASHA Insurance and Ateshgah Insurance have been selected for risk insurance.
"Moreover, a UK company has been chosen for re-insurance. On average, thousands of cyber attacks per month are recorded. The attacks are carried out both outside and inside the country," Ahmadov said.
Along with this, Ahmadov added that the company's financial status allows to cover all the losses in case of unforeseen circumstances.
Azericard is the first processing center in Azerbaijan, fully certified by international payment systems MasterCard, Visa, American Express, Diners Club, UnionPay and JCB. The center serves 21 banks (in total, there are 30 banks in the country).
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