Financial Crime World

Turkmenistan Takes Steps to Protect Financial Sector from Cyber Threats: State Cybersecurity Program Approved for 2022-2025

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Ashgabat, Turkmenistan - In a move to boost cybersecurity in the country’s financial sector, President Gurbanguly Berdimuhamedov has signed a decree approving the State Cybersecurity Program for 2022-2025. This program aims to combat cybercrime and prevent unlawful acts on the internet and digital systems.

Decree Signed During State Security Council Meeting

According to Turkmen Television’s Information Program “Watan”, the decree was signed during a meeting of the State Security Council. President Berdimuhamedov emphasized the importance of close attention from law enforcement agencies in tackling the growing threat of cyber attacks on financial institutions.

Background: Cybersecurity Efforts in Turkmenistan

In September 2019, the country introduced the Law on Cyber Security and established the Cyber Security Service in September of the same year. The new program is expected to strengthen the country’s defenses against cyber threats, ensuring the security and stability of its financial systems.

Key Objectives of the Program

  • Combat cybercrime and prevent unlawful acts on the internet and digital systems
  • Ensure the security and stability of Turkmenistan’s financial systems

Next Steps

The implementation of this program is expected to take place over the next three years, with regular monitoring and evaluation to ensure its effectiveness. The program aims to strengthen Turkmenistan’s cybersecurity infrastructure and protect its financial sector from cyber threats.

By taking proactive steps to address cyber threats, Turkmenistan is demonstrating its commitment to ensuring the security and stability of its financial systems, and protecting the interests of its citizens.