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Russian Central Bank Announces Mandatory Cyber-Security Regulations for Domestic Banks

"Russian banks will be faced with a whole range of new regulations, and penalties for non-compliance, when it comes to cyber-security, according to the country's Central Bank," Eugene Gerden reported today in SC Magazine UK: "The new regulations include mandatory reporting to FinCERT about breaches; the restriction of local area networks to computers connected to the payment service of the Central Bank and the introduction of constant monitoring for the operations of those computers which transfer payments to the Central Bank, among other requirements. Russian banks will be expected to comply by by June 30, 2017."

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