Russia Needs to Improve Protection From Cyberattacks on Financial System - Putin

According to the Russian president, Russia needs to improve its cybersecurity in respect of the country's financial system.

MOSCOW (Sputnik) — Russia needs to improve its methods of protection from cyberattacks on the financial system, President Vladimir Putin said Wednesday while opening a meeting of Russia's Security Council that will discuss a draft of Russia's economic security strategy until 2030.

"Measures aimed at countering the illegal withdrawal of money abroad should be taken, and mechanisms of counteraction to cyberattacks on our financial infrastructure should be improved," Putin said.

Russia's Federal Security Service (FSB) warned last week that foreign intelligence services planned cyberattacks on the financial sector in several dozen Russian cities from a Ukrainian hosting company's servers located in the Netherlands. The attacks were said to start December 5.