Seminar on information security technologies for Azerbaijani banks

Regional division of Gemalto, the world leader in information security technologies, conducted a seminar for the banking sector of Azerbaijan. The purpose of the event, which was attended by representatives of the IT management of all local leading banks - hands showing the benefits of innovation and increased development of this segment of the financial market.

According to the Director of Sales Gemalto products in Russia and CIS countries Helena Buevskaya, together with Azerbaijani partner company Aztech plans "e-expansion."

If the rapid development of e-commerce and banking organizations opens up new opportunities, it also simultaneously creates new serious tasks, for example, in multi-factor strong authentication and security of electronic payments, the protection of remote banking services and so on.

The popularity of electronic banking is growing not only among card holders, but also among the attackers. According to the Group-IB, in 2010-11 the total turnover of cyber crime in Russia amounted to only $ 2.3 billion per year (half offenses took place at banks), last year the turnover was halved because of the security Gemalto (used in the sim cards, bank cards, producing passports and identity cards, government securities, etc.) improved.

According to Buevskaya to maintain competitive advantage and retain customers, banks need to increase their level of security. The most effective way to combat fraudsters is use of EMV-recognized technology. World experience shows that use of EMV significantly improves the security of banking operations to the minimum reducing the risk of data leakage.

Today, Gemalto has 2 offices in the CIS - in Moscow and Almaty, the rest is affiliate network. Banking system and information technology (in 2012 alone, Internet users were more than 50% of the population) in Azerbaijan prompted regional management company actively promotes its products and technology to the local market.

Activity in this sector is also visible from the fact that in June last year, MPs adopted amendments to the Criminal Code provides for criminal prosecution for illegal entry into a computer system, the misappropriation of information, document fraud, the turnover of products manufactured for cyber crime, the falsification of computer information and so on. Severe sanctions (1 AZN fine of up to 6 years in prison), but "creative" criminals can be stopped only by constantly improving protection, Buevskaya said.

 She said not a random was collaboration with Aztech. Founded in 1998, the structure became a leader in innovation and technological field.

Since 2003, the company represents the most innovative products in the banking sector of Azerbaijan. It develops many products, from cash counters, vacuum packing machines to complex integrated solutions for payment systems, cash handling, etc.

Today, it offers a sophisticated banking solutions such as POS-terminals, chip cards, embossers, sorting machines, cards with an exclusive design, PIN-envelopes, as well as software for online banking and digital authentication solutions in the market.

90% of plastic cards issued in Azerbaijan are implemented with the participation and support of Aztech. - 17D-