Financial news: The Bank of Russia is increasing information security requirements for non-credit financial institutions.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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The Bank of Russia has expanded the number of non-credit financial institutions required to enhance the level of information security when conducting financial transactions with clients. The updated requirements are provided for indication Bank of Russia.

The regulator has established information security requirements for microfinance organizations (MFOs). For example, they will be required to use antivirus software and record information security events. These guidelines will become mandatory for most MFOs starting January 1, 2027.

Furthermore, all insurance companies, non-state pension funds, and registrars are now required to implement additional information security measures. For example, at least once every three years, they are required to comply with the requirements national standard Engage third-party specialists to verify the organization's information security level. Companies should also evaluate their software and applications, including those provided to clients, for compliance with security requirements.

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