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Sberbank confirms data leak affecting at least 200 clients

Russian bank Sberbank Rossii PAO (MCX:SBER) has confirmed that there is a possible data leak affecting at least 200 of its clients.

The bank became aware of the leak late on October 2, 2019. It is investigating the incident, with the suspected cause for the leak being actions by one of Sberbank’s employees.

Sbernank says that the incident does not endanger the safety of funds of its clients.

Let’s recall that, in 2018, the bank managed to safeguard RUB 32 billion in client funds from cyber attackers thanks to its fraud-monitoring system using the capabilities of artificial intelligence. This system analyses more than 150 million operations a day and blocks suspicious transactions.

Sberbank said back then its cybersecurity centre processes more than 3 billion events every day, with several thousand of them being linked to harmful software. The average number of DDoS attacks registered by Sberbank in 2018 was 1-2 per week.

There are changes to the reporting requirements for Russian banks and operators of payment infrastructure, effective July 1, 2018. The rules concern the reports about cyber incidents. The companies have to submit more detailed information regarding the economic consequences of these incidents for the operators and their clients.

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