Russia’s FinCERT receives over 300,000 notifications about cybersecurity incidents in one year

Maria Nikolova

Since October 2018, the Financial Sector Computer Emergency Response Team at the Central Bank of Russia has received more than 300,000 notifications about cybersecurity incidents.

The Central Bank of Russia has earlier today published a report about the operations of the Financial Sector Computer Emergency Response Team (FinCERT), showing that it has received more than 300,000 notifications about cybersecurity incidents since October 2018. The signals about the incidents came from the 826 participants (including banks) in the information exchange with FinCERT.

The report shows that the main problem in terms of information security is social engineering. For the period since September 2018 FinCERT commenced the procedure for the de-registration of 9,778 phishing domains (about 2/3 of them were registered abroad). The minimal time for taking down such domains fell from 24 to 3 hours.

The report also shows that during the six months to end-June 2019, some 12,903 attempts to sell data were detected. About 12% of these attempts concerned data bases belonging to financial entities.

Let’s recall that, earlier in October 2019, Sberbank Rossii PAO (MCX:SBER) confirmed there was a data leak affecting 200 of its clients. The bank has managed to identify the culprit who turned out be an employee at the bank born in 1991. Additionally, the investigation undertaken by the bank has shown that the employee who committed the crime sold the data of 5,000 credit card clients of Sberbank’s Urals Bank to a criminal group in the Darknet in late September. A significant portion of the data is outdated or inactive, the bank explained.

Read this next

Technology

TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

Executive Moves

Cowen Digital taps ex-Blockchain.com Taylor S. Cable to lead Europe and Asia operation

“Cowen Digital is a pioneer in delivering institutional grade access to the digital asset ecosystem and I am very excited to join the team at this pivotal time to grow our presence in Europe and Asia.”

Industry News

ASIC sues American Express Australia for lack of TMD on credit cards

“ASIC has now taken multiple actions under the design and distribution regime, including issuing over 20 interim stop orders. This regime turned a new page in the regulation of financial products in Australia and is intended to deliver better outcomes for consumers. It is a priority for ASIC to maximize these increased protections and see the long-term benefits of the DDO regime realized.”

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

Digital Assets

AAX’s Nigerian customers storm local office amid withdrawal halt

According to the Nigerian media, angry consumers of the troubled crypto exchange AAX had stormed its local office hoping they can get their money back after the firm halted operations earlier in November.

Digital Assets

As SPAC bubble bursts, Circle terminates its $9 billion merger with Concord

USDC stablecoin issuer, Circle has terminated its planned $9 billion SPAC merger with publicly traded blank-check company Concord Acquisition Corp.

Institutional FX

Integral reports lowest FX volume in two years

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.

Technology

CDEX: Avelacom announces connectivity to Cboe Europe Derivatives

“We anticipate that many of our customers from Asia will be particularly interested in getting exposure to pan-European products via just one venue, which CEDX offers.”

Retail FX

BUX acquires Spanish Ninety Nine’s retail brokerage unit

“Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by BUX, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the BUX Savings Plan.”

<