UPDATE: Real loss from hackers may exceed official data 10Ц20 times Ц Sberbank - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Real loss from hackers may exceed official data 10Ц20 times Ц Sberbank

(Adds more comments in last two paragraphs)

MOSCOW, Feb 20 (PRIME) -- Officially announced losses of RussiaТs banking system from hackers may be below the real amount by 10Ц20 times, Stanislav Kuznetsov, deputy chairman of Sberbank, the countryТs biggest bank, said on Tuesday.

УWe carried out a comparative analysis of some segments of the economy and concluded that the official data could fail to correspond to the real volume of damage from 10 to 20 times. ItТs unlikely that anyone could count losses from hackers when banks keep thefts a secret. This is why this error rate can apply to official figures released by the central bank,Ф Kuznetsov said.

УAs to Sberbank, we have a cyber protection system built on several levels. Last year, in July, the banking system of the Russian Federation was attacked by so-called СdormantТ viruses that can manage operating systems. We registered such attacks, but they were continued later, in autumn, and a number of banks were hit.Ф

The central bank said earlier in February that hackers orchestrated 11 successful attacks on Russian banks in 2017 with the Cobalt Strike virus and stole 1.156 billion ruble.

Kuznetsov said that losses could be avoided if banks have a well-established information exchange.

Sberbank has concluded more than 120 contracts of insurance against cyber risks with Russian and foreign companies, the executive said.

УI said earlier that at the end of FebruaryЦMarch we were going to start selling products on insurance against cyber risks. We stick to the plan and see demand for such services not only in Russia, but also abroad,Ф he said.

(56.3438 rubles Ц U.S. $1)


20.02.2018 17:21
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep