BFC Bulletins Monthly News Digest
Tags Data Regulation
Russia’s Central Bank has published its Main Directions for the Development of Information Security in the Credit and Financial Sphere for 2019–2021. The document outlines a plan to combat cyber threats, including proposed regulations regarding the use of Big Data, artificial intelligence, robotics and the internet of things in the financial sector. It also proposes initiatives to increase the use of cryptography as well as the preparation of an education program on information security. Experts note that many of the measures outlined in the document are somewhat unusual as they are, by and large, not regulated in much of the rest of the world.
