17:00 - 26.01.2024

---

January 26, Fineko/abc.az. The cyber risk management culture will be strengthened in the financial markets.

ABC.AZ reports that this is stated in the Financial Sector Development Strategy for 2024-2026.

According to the strategy, it is envisaged to form a management structure for financial institutions, strengthen the structure of regulation and control for financial institutions, and implement adequate control processes for financial institutions. At that, it is planned to form a risk management structure in these organizations, including cyber risks and risk-based control processes, as well as regularly conduct trainings and seminars on cyber risk management in order to improve knowledge and skills in financial institutions.