Türkiye Establishes Cybersecurity Administration to Address Emerging Threats, with Cybersecurity Law on the Horizon:

In a decisive move to strengthen its defenses against cyber threats, Türkiye has established a dedicated Cybersecurity Administration. Officially announced in the Presidential Decree on the Cybersecurity Administration, published in the Official Gazette on January 8, 2025, this new government body will operate as a specially budgeted institution based in Ankara, directly affiliated with the Presidency. Its primary mission will be to implement the decisions of the Cybersecurity Council.

SIGNIFICANT CHANGES IN THE TURKISH DATA PROTECTION LAW:

On 4 March 2024, the Turkish Parliament passed a new regulation which amends several regulations including the Law on the Protection of Personal Data No. 6698 ("LPPD"). This amendment is welcomed by the market as harmonisation of LPPD with the EU General Data Protection Regulation ("GDPR") has long been expected.

HIGH INFLATION FORCES DATA PROTECTION BOARD TO REVISE THE REGISTRATION THRESHOLD:

The fluctuating value of the Turkish Lira and very high inflation rates in recent times has brought about the need to constantly update the financial criteria in a number of legal regulations.

BANKING BY VIDEOTELEPHONY? NEW REGULATION FOR IDENTIFYING NEW CLIENTS OF FINANCIAL INSTITUTIONS:

Banking Regulation and Supervision Agency of Turkey has published the regulation concerning remote identification methods of financial institutions.