{"id":267530,"date":"2025-10-22T13:58:50","date_gmt":"2025-10-22T09:58:50","guid":{"rendered":"https:\/\/armbanks.am\/?p=267530"},"modified":"2025-10-22T13:58:51","modified_gmt":"2025-10-22T09:58:51","slug":"central-bank-of-armenia-banks-choose-between-security-and-customer-convenience","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2025\/10\/22\/267530\/","title":{"rendered":"Central Bank of Armenia: Banks choose between security and customer convenience"},"content":{"rendered":"\n<p><strong>YEREVAN, October 22. \/ARKA\/.<\/strong> Armenian banks face a dilemma when developing digital services: they must choose between system security and customer convenience.<\/p>\n\n\n\n<p>&#8220;Armenian banks, for their part, are undertaking a non-public, but very labor-intensive and complex process to identify their clients using multiple parameters simultaneously. Here, they often face a dilemma: they have to choose between security and user convenience,&#8221; Komitas Stepanyan, head of the Central Bank of Armenia&#8217;s IT and Cybersecurity Directorate, said in an interview with Novosti-Armenia.<\/p>\n\n\n\n<p>He explained that the more accessible a service is, the greater the likelihood that attackers will attempt to hack it. Conversely, multi-factor authentication creates certain inconveniences for the user, but significantly increases the level of protection.<\/p>\n\n\n\n<p>Stepanyan noted that with the increasing level of digitalization, cybersecurity risks will also increase. The number of digital service users in Armenia is expected to increase from the current 20% to 80%. Residents of even the most remote villages should be able to access the same services as residents of Yerevan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian banks face a dilemma when developing digital services: they must choose between system security and customer convenience.<\/p>\n","protected":false},"author":5,"featured_media":157156,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12750],"class_list":{"0":"post-267530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-purchase"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/267530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=267530"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/267530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157156"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=267530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=267530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=267530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}