Turkmenistan Central Bank Implements New Cybersecurity Rules for Banking Sector

Strengthening Cyber Protection and Information Security

The Central Bank of Turkmenistan has approved a new procedure to ensure the integrity of its banking system’s computer networks. The move aims to bolster cyber protection and information security within the banking sector.

Stringent Requirements for Banks

According to the document published by the Ministry of Justice’s information center, banks are now required to:

• Establish robust cybersecurity systems to prevent unauthorized access and malicious software attacks
• Implement network security measures designed to safeguard confidentiality and data integrity

Specific Regulations for New Systems

The new guidelines also introduce specific regulations for:

• Implementation of the multifunctional One Window system
• E-commerce
• Log analysis
• Business continuity plans

Responsibilities of Banks

Under the new rules, banks are tasked with:

• Identifying critical information infrastructure objects and taking steps to protect them
• Conducting regular cybersecurity risk assessments to identify potential vulnerabilities

Applicability and Access

The document is applicable to all commercial banks and money transfer organizations operating in Turkmenistan. The full contents of the procedure can be accessed by following a link provided online.