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Belarus' central bank drafts cybersecurity concept for banking industry

Economy 22.10.2019 | 18:53
Dmitry Kalechits
Dmitry Kalechits

MINSK, 22 October (BelTA) – The National Bank of the Republic of Belarus (NBRB) has drafted a banking industry cybersecurity concept, BelTA learned from NBRB Deputy Chairman of the Board Dmitry Kalechits during the international forum on banking industry information technologies BANKIT on 22 October.

According to the source, Belarus' central bank in association with the expert community has put together a draft concept on ensuring cybersecurity in the banking industry. The concept represents a logical continuation of Belarus' information security concept while taking into account peculiarities of the industry and adding its own terms.

Dmitry Kalechits noted the document will not be static. The concept will change over time taking into account the establishment of the center for monitoring and responding to computer attacks against the credit and finance industry (FinCERTby), the development of international projects, and the expansion of the industry's legal base.

“The main purpose of the concept is to ensure uniform understanding and approaches to cybersecurity for the sake of stable operation of the banking industry,” the NBRB deputy chairman of the board explained.

Dmitry Kalechits also said that since Q4 2018 FinCERTby has received and analyzed over 3,600 reports about incidents. Over 1,800 incidents involved malware. Over 1,500 incidents involved attempts to scan ports in order to hack networks. FinCERTby has helped prevent the theft of monetary resources to the tune of over Br2 million. The center intends to set up an automated system for responding to incidents and a system to respond to fraud attempts.

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