Central Banks of Armenia and Russia will exchange information on  cyber threats

ArmInfo. The Bank of Russia and the Central Bank of the Republic of Armenia started  exchanging information on computer attacks and counteraction to them since September 17.

"The Bank of Russia and the Central Bank of the Republic of Armenia  signed an agreement on cooperation in the field of information  security," the press service of the Russian regulator reported. The  document was signed by the Chairman of the Bank of Russia Elvira  Nabiullina and the Chairman of the Central Bank of the Republic of  Armenia Artur Javadyan.

"The purpose of this Agreement is to organize the interaction of the  Parties on countering computer attacks aimed at preventing and  detecting computer attacks, creating conditions for their  suppression, and increasing the level of information security of the  Parties," the text of the document says.

On the Russian side, on behalf of the Bank of Russia, the Center for  Monitoring and Responding to Computer Attacks in the Credit and  Financial Sphere (FINCERT) will interact with the Central Bank of the  Republic of Armenia.

The terms of the agreement stipulate that the parties will notify  each other of the discovery or receipt of information about computer  incidents. If technically feasible, they will conduct a comprehensive  analysis of this information, and transfer its results to another  participant in the agreement. If such an opportunity is not  available, the parties are entitled to transmit information about the  incident to the partner under the agreement for conducting a  comprehensive analysis of the computer incident.  The Republic of  Armenia became the second country of the Eurasian Economic Union  (…Ђќ‘), with the financial regulator of which the Bank of Russia  signed an agreement on cooperation in the field of information  security. On July 7, 2018, such an agreement was signed with the  National Bank of the Republic of Kazakhstan, in the future it is  planned to conclude similar agreements with the national banks of the  Republic of Belarus and the Republic of Kyrgyzstan.

The expansion of international cooperation on information security  issues with the EEA countries is aimed at creating a single  cyberspace and a trusted financial environment in the Union's space.  In addition to organizing the exchange of information on  cyberthreats, the Bank of Russia, in the person of FinCERT, provides  consulting and methodological assistance to the national (central)  banks of the EEA countries in setting up their own response teams for  computer incidents.