Business · Companies · 13 hrs ago

Russia says banking and payment systems are protected against attacks

Russia says banking and payment systems are protected against attacks

Russia's central bank says it is taking steps to protect banking and payment systems amid attacks.

Governor Elvira Nabiullina described the safeguards after a meeting of the central bank's board on monetary policy.

The rules require backup systems and data stored in different locations.

Each bank must also have a recovery plan designed to restore services within hours.

The central bank says it stays in contact with banks and can adjust the plans if needed.

If an incident occurs, the goal is to restore all services quickly.

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Elvira NabiullinaBank of Russia Governor
All measures are being taken to protect the infrastructure and, if an incident occurs, to quickly restore all services,
via TASS
Everyone must have a recovery plan designed to take hours.
via TASS