Bank of Russia develops financial services security standard for customers’ remote identification
21 March 2024
News
The document determines the range of information protection measures to be applied by financial institutions in the course of remote identification and authentication of customers. The composition and content of the measures are recommended to be differentiated depending on the type of operations and taking into account their criticality and risks.
The standard aims to enhance people’s protection from fraudsters who steal money using personal and financial data of individuals.
Being advisory in nature, the document will come into force on 1 July 2024. By this time, financial institutions will be able to assess the compliance of their existing business processes with the standard.
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