Russia strengthens banking system security standards

I read all the time how hackers from former Eastern Block countries and China are raising hell the bane of security systems worldwide. That may be an overstatement. But if it is true, how about the people who live there?

Security Magazine – UK reports as follows:  “According to official statistics from the Russian Central Bank, last year the number of cyber-attacks in the Russian banking sphere increased by 30 percent, compared to 2014, with up to 64,000 cases reported, however, according to the Russian Ministry of Internal Affairs, the real figure is about ten times higher than the figures provided by the Central Bank.”

Security standards are being revamped. A lot of that going on.

Read the full article here: