Turkmenistan Banks Face New Cybersecurity Requirements Amid Growing Concerns

The Central Bank of Turkmenistan has approved a new procedure for ensuring cyber protection and information security, aimed at bolstering the country’s banking system against increasingly sophisticated cyber threats.

New Requirements for Banking Sector

According to guidelines published by the Ministry of Justice’s information center, banks in Turkmenistan will now be required to:

• Establish a comprehensive cybersecurity framework that includes measures to prevent unauthorized access and malware infections
• Implement network security protocols to ensure the confidentiality and integrity of sensitive data
• Prioritize the protection of critical information infrastructure objects
• Conduct regular cybersecurity risk assessments to identify potential vulnerabilities

The new requirements also cover the implementation of:

• The multifunctional One Window system
• E-commerce solutions
• Log analysis tools
• Business continuity plans

Scope and Application

The guidelines apply to all banks and money transfer organizations operating in Turkmenistan. The measures can be accessed by following a link provided by the Central Bank.

Purpose and Benefits

The new measures aim to enhance the resilience of the country’s financial sector against growing cyber threats, ensuring the continued trust and confidence of customers. By implementing these guidelines, Turkmenistan’s banks will be better equipped to protect themselves and their customers from the increasing threat of cyber attacks.

By following this procedure, Turkmenistan is demonstrating its commitment to protecting its citizens’ data and maintaining a secure financial environment. The new requirements are an essential step in ensuring the continued stability and integrity of the country’s banking system.