A wall of screens blinks with dozens of data incidents at Sberbank PJSC’s cybersecurity war room that monitors 16,000 branches across Russia. An ex-employee’s ID used to enter the system — a level 3 threat. An ATM catches a virus after it’s serviced — level 9. A level 10 threat, the equivalent of a Code Red, would be if the bank’s ATM network became infected.
Now the country’s biggest lender wants to bring other Russian banks under its digital umbrella, a move some analysts say may give it an unfair competitive advantage. State-owned Sberbank is cooperating with the Federal Security Service while the lender crafts a nationwide cybershield for use by other financial bodies that it says are woefully unprepared to fight off hackers.
“As a rule, what usually happens is this: they beg us to come, help, and clean it up,” Stanislav Kuznetsov, Sberbank’s deputy chief executive in charge of cybersecurity, said of other financial institutions in an interview. “We come and clean it up, but there are times when the very next day they’re infected again.” For the full article click here
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