Russian banks could be required to abandon foreign encryption information. On Wednesday, September 28, the newspaper “Vedomosti” with reference to the opinion of industry experts.
“Banks and some state organizations use of cryptographic tools with the American certificates, but they can be revoked at any time,” said one of the members of the working group on the use of the Internet in the economy at administration of the President. Another source told the publication that the initiative is supported by the FSB.
00:20 September 22, 2016
members of the group do not exclude the appearance of the bill, which will oblige them to use domestic encryption. On users this should not be affected, they stressed.
Government agencies now are required to use cryptography certified in Russia, said a security expert at one of the companies. Banks with mainly foreign cryptography as they work with the Western payment systems. The transition to Russian cryptography will introduce them in additional spending, he warns.
July 7, Russian President Vladimir Putin signed a package of laws Spring and asked to calculate the financial costs for the organization of production of domestic software and equipment necessary to store information in accordance with it.
the anti-terrorism package of laws developed by the MP Irina Yarovaya, the head of the Federation Council Committee on defense and security Viktor Ozerov, in particular, provides for the obligation of Telecom operators, messengers and social networks to store all the information about the content of the conversations and correspondence of the users within six months.