Russian Financial Sector Update slide image

Russian Financial Sector Update

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation 54 CYBERSECURITY Key initiatives in information security and cybersecurity 010101 001010 $ Countering international and cross- border crime Addressing the rise in money withdrawals via illegal cross-border transactions Compiling a general register of most typical cyber threats and computer attack methods Combatting fraud in financial e- services provided via websites registered in foreign DNS zones Key avenues of cooperation in the sphere of information security ✓ Establishing institutional and technical framework for dynamic cooperation between the common financial market regulators and participants, building upon the Financial Sector Computer Emergency Response Team (FinCERT) of the Bank of Russia ✓ Enabling trusted electronic operations in the increasingly digitalised common financial market Formulating unified standardised approaches to information security, cyber resilience and supervising related risks ✓ Policy coordination and unifying the mechanisms of strong customer authentication for financial transactions and money transfers
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