KEY INFORMATION SECURITY PROBLEMS OF THE BANKING SYSTEM OF THE KYRGYZ REPUBLIC AND WAYS TO ADDRESS THEM

Abstract

This article examines information security problems in the banking system of the Kyrgyz Republic. It analyzes current challenges in ensuring information security in this area amid the large-scale digitalization of financial services. Key cyber threats, vulnerabilities in the payment infrastructure (in particular, the national Elkart system), and regulatory challenges are considered. Particular attention is paid to the human factor and the shortage of specialized IT professionals.

A comprehensive approach to modernizing protection systems is proposed, including the introduction of advanced encryption technologies, the development of risk management, and improvement of the legal and regulatory framework. Current data are used to analyze existing problems in ensuring the information security of the country's banking systems. The research results provide several recommendations for addressing these problems.

It is also concluded that comprehensive information security for the banking sector of the Kyrgyz Republic is of particular importance for the country's financial stability.