Small Russian banks en masse are promoting their heads of information security departments to the level of deputy chairmen of the board to comply with last year's presidential decree, Kommersant daily reported citing specialised Telegram channels.
As followed by bne IntelliNews, cybersecurity is of increased concern for Russian private and state companies.
For banks, a special presidential decree obliges them to have at least one of their deputies to be responsible for information security, "including detection, prevention and elimination of consequences of computer attacks, and response to computer incidents".
Facing the acute labour shortages in the IT sector, the banks are reportedly promoting their internal IS personnel to the boards. However, the deputy chairmen in charge of security, according to experts surveyed by Kommersant, generally still lack specialised education.
Related Articles
Austria’s RBI ups profit in Russia in 1Q25
Austria's Raiffeisen Bank International (RBI) increased its pre-tax profit in Russia in 1Q25 by over 25% year on year to €575mn ($651mn) due to the stronger ruble, Reuters reports. In ... more
Russian VTB Bank surprises with $3bn dividend for 2024
The board of Russia’s second-largest bank state controlled VTB recommended paying out RUB275.8bn ($2.97bn) in total dividends for 2024, according to Interfax corporate disclosure portal. As ... more
Russia’s Sberbank posts record profit of $5bn in 1Q25
Russia’s largest bank Sberbank (Sber) increased its profit by 10% year on year to record-high RUB436bn ($4.7bn) in 1Q25, making a return on equity of 22%, according to the bank’s announcement. ... ... more
Most Read
-
Armenia courts African countries to supply diamond industry
17 days ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
20 hours ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
11 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
18 days ago