(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 13. Amendments to the
bill "On protection of personal information" are being prepared in
Azerbaijan, Deputy Head of the Electronic Security Service under
the Ministry of Digital Development and Transport of Azerbaijan
Samir Rasulov said during a financial technology (fintech) summit
in Baku, trend reports.
According to him, under this bill, modern standards for the
protection of personal data will be applied.
"Due to the rapid growth of technologies and cyber attacks, it
became necessary to accelerate the adoption of a new bill to
protect our citizens. Therefore, the relevant structures have
prepared changes. Currently, the bill is at the stage of approval,"
Rasulov added.
The two day event (fintech summit) supported by Azerbaijan Banks
Association (ABA), Azerbaijan Fintech Association, Central Bank,
Ministry of Digital Development and Transport, Center for Analysis
of Economic Reforms and Communication is one of the two annual
events organized in Baku, Azerbaijan (second one is an annual
Banking Forum organized each year in November), and the most famous
finance and banking events in the region gathering together CEOs
and management of relevant government bodies, top management of
commercial banks and fintechs, managers of commercial and public
organizations, representatives of international financial
institutions, academician, famous companies providing finance and
banking products and solutions, and other stakeholders.
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