Financial Crime World

Russian Government Takes Measures to Combat Cybercrime and Improve Digital Security

The Russian government has been actively working to combat cybercrime and improve digital security in the country. Over the past decade, cases of cyber fraud have increased more than tenfold, highlighting the need for laws against digital crimes and education on legal issues.

Key Initiatives

  • Notary System: The notary system plays a significant role in developing cybersecurity by providing a Unified Information System (UIS) that verifies legally significant information and prevents forgery of documentation certified by a notary.
  • Digital Security Development: The government has conducted developments to improve digital security and cyber resilience, primarily in the credit and financial sphere. Goals include:
    • Financial security of companies
    • Reliability of monetary transactions
    • Countering computer attacks
    • Consumer protection

National Program ‘Digital Economy of the Russian Federation’

The government has approved various federal projects under this national program to develop information security and combat information fraud.

Expansion of Digital Security Monitoring

  • The list of organizations that should monitor digital security has been expanded to include:
    • State structures
    • Strategic enterprises
    • Legal entities

Personal Responsibility for Information Security

  • Personal responsibility for information security is assigned to top officials of companies.
  • Strict information security rules are established for sources such as:
    • Remote identification or Unified Biometric System platforms
    • Marketplace platforms
    • Fast payment systems
    • Digital customer profiles

Center for Monitoring and Responding to Computer Attacks

The Bank of Russia has developed a special department - the Center for Monitoring and Responding to Computer Attacks in the Credit and Financial Sphere (Competence Center) - which specializes in ensuring information security and countering cyber attacks. The center develops methods to amplify digital security and cyber resilience.