With the assistance of the Czech embassy, the Armenian banking community acquainted with the technologies of ensuring cybersecurity in the financial sphere

ArmInfo. With the assistance of the Embassy of the Czech Republic in Armenia, the representatives of the banking sector of the country will have an opportunity to get acquainted with the latest achievements in the field of ensuring cybersecurity in the financial sphere.  On January  31 Ambassador Petr Mikyska, together with Executive Director of the Union of Banks of Armenia Mr. Seyran

Sargsyan, inaugurated the seminar on cyber security in banking, organized by the Embassy, UBA and Czech technology companies Bria Systems, Threat Mark, BSC and AEC in Erebuni Plaza Business Center in Yerevan. Armenian bank?s security experts and executives exchanged their views with Czech specialists on risks and threats and discussed possible solutions for secure internet banking and other fields of cyber security in banking system. The seminar will be followed by another one in March on implementation of concrete defense applications..

Security experts and heads of Armenian banks exchanged views with Czech experts in the field of risk management and countering cyber threats and discussed possible solutions to ensure the security of such segments as internet banking, mobile banking and other areas of cyber security of the banking system. As the organizers of the event told ArmInfo, in March another seminar will be held on the application of concrete measures of protection.

The project is supported by the Ministry of Foreign Affairs and the Ministry of Industry and Trade of the Czech Republic. It should be noted that the development of Internet banking technologies in Armenia is taking  very high rates.

According to analysts of ArmInfo IC rating and marketing Service, in the last 3-4 years the volume of non- cash payments, including those

made  through the Internet, show 70-80% annual growth. This growth is caused both by the active involvement of the country's population in the world Internet sites, and by the creation of a widerm infrastructure inside Armenia itself. Therefore, the development of

Internet projects - multi-functional interfaces and mobile applications - is becoming an important direction for banks to receive non-interest income and expand the client base.