Financial Crime World

Russia’s Efforts in Combating Cybercrime: Government Initiatives and Measures

Government Initiatives Since 2019

The Russian government has been actively working on improving digital security and cyber resilience since 2019. This effort is primarily focused on the credit and financial sphere.

Goals of Government Developments


The main goals of these government developments are:

  • Financial Security of Companies: Protecting companies from financial cyber threats.
  • Reliability of Monetary Transactions: Ensuring the security and reliability of monetary transactions.
  • Countering Computer Attacks: Countering computer attacks and preventing cybercrime.
  • Consumer Protection: Protecting consumers from digital financial crimes.

Measures Implemented by the Government


The government has implemented various measures to achieve these goals, including:

  • Developing Information Security and Combating Information Fraud: Developing information security and combating information fraud within the framework of federal projects.
  • Approving Documents Reducing Digital Financial Crimes: Approving documents aimed at reducing digital financial crimes.

Expansion of Monitoring Organizations


In 2022, the Russian government expanded the list of organizations responsible for monitoring digital security. Now, these include:

  • State structures
  • Strategic enterprises
  • Legal entities

Personal Responsibility and Decree Signed by the President


The President signed a decree assigning personal responsibility for information security to top officials of companies and listing the organizations obliged to provide it.

Bank of Russia’s Efforts in Digital Security


The Bank of Russia has made significant efforts in improving digital security, including:

  • Establishing Strict Information Security Rules: Establishing strict information security rules for remote identification platforms, marketplace platforms, fast payment systems, and digital customer profiles.
  • Developing Advanced Payment Systems Architecture: Developing a more advanced architecture of payment systems and remote access to financial services.
  • Introducing Artificial Intelligence with High-Level Protection: Actively introducing artificial intelligence with high-level protection.