BAKU, Azerbaijan, May 30. Azerbaijan's National Depository Center (NDC) has pulled out all the stops to showcase its key achievements in crafting a rock-solid and resilient institution last year, while also setting its sights on upcoming cybersecurity goals, Trend reports.
The 2024-2026 Development Strategy report shows that the NDC has successfully aligned its information security practices with legislative requirements, introduced advanced cybersecurity systems, and established a Risk and Control Self-Assessment (RCSA) model based on the Internet Security Center’s CIS Controls Implementation Groups.
Additionally, penetration tests were conducted to identify vulnerabilities and cyber risks.
Looking ahead, the NDC plans to take the following measures:
- Execute the action plan developed from the Risk and Control Self-Assessment (RCSA) project, based on the Center for Internet Security (CIS) Controls framework;
- Implement international security standards of the SWIFT network at the NDC;
- Enhance the NDC’s cyber resilience in line with the Central Bank of Azerbaijan’s (CBA) Cybersecurity Strategy for Financial Markets.
Founded in 1997, the National Depository Center operates at the core of the Azerbaijani stock market infrastructure, facilitating securities storage, property rights registration, and post-trading settlements. This organization stands as a premier financial institution within our nation. Its offerings encompass clearing operations, registrar functionalities, electronic services, and more.
