Russia's 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. We come and clean it up, but there are times when the very next day they’re infected again,” Sberbank’s deputy chief executive in charge of cybersecurity, Stanislav Kuznetsov, said of other financial institutions in an interview with Bloomberg.
Sberbank’s protection system will be completed by 2018 and will rely on big data technologies and machine learning, Kuznetsov said. It currently has cybersecurity centers in five cities, where nearly a thousand specialists deal with about 1 million registered incidents daily and helped avert losses of 8 billion rubles in the first half of this year, he said.
