Putin Promises to Bolster Russia’s IT Security in Face of Cyber Attacks

Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia, Friday, May 20, 2022. (AP)
Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia, Friday, May 20, 2022. (AP)
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Putin Promises to Bolster Russia’s IT Security in Face of Cyber Attacks

Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia, Friday, May 20, 2022. (AP)
Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia, Friday, May 20, 2022. (AP)

President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign "state structures" had increased several times over and that Russia must bolster its cyber defenses by reducing the use of foreign software and hardware.

The websites of many state-owned companies and news websites have suffered sporadic hacking attempts since Russia sent its armed forces into Ukraine on Feb. 24, often to show information that is at odds with Moscow's official line on the conflict.

"Targeted attempts are being made to disable the internet resources of Russia's critical information infrastructure," Putin said, adding that media and financial institutions had been targeted.

"Serious attacks have been launched against the official sites of government agencies. Attempts to illegally penetrate the corporate networks of leading Russian companies are much more frequent as well," he said.

In a meeting with the Security Council, Putin said that Russia would need to improve information security in key sectors and switch to using domestic technology and equipment.

"Restrictions on foreign IT, software and products have become one of the tools of sanctions pressure on Russia," Putin said. "A number of Western suppliers have unilaterally stopped technical support of their equipment in Russia."

He said cases of programs getting blocked after being updated were becoming more frequent.

Data leaks
State communications regulator Roskomnadzor on Wednesday said it had blocked a website that was hosting the personal data of a number of companies' clients. It did not name the companies. Russia's second-biggest bank VTB was quoted by media as saying some customers' phone numbers had been leaked but there was no risk to their funds.

E-commerce player Wildberries and online marketplace Avito denied reports in Russian media that their data had been leaked.

A data leak in early March exposed the personal details of more than 58,000 people on tech giant Yandex's food delivery app, Yandex.Eda.

Yandex.Eda competitor Delivery Club on Friday apologized to users after it suffered a data leak on orders placed by users.

"The data includes information about orders and does not affect bank details. We are doing our best to prevent the dissemination of the data," TASS news agency quoted the company as saying.

Hacking attacks this month kept video-hosting site RuTube offline for three days and altered satellite television menus in Moscow on Victory Day, when Russia celebrated the 77th anniversary of the Soviet Union's victory over Nazi Germany.

Moscow has long sought to improve its domestic internet infrastructure, even disconnecting itself from the global internet during tests last summer.

However, the unprecedented Western barrage of sanctions imposed in response to Moscow's military campaign in Ukraine has increased the pressure to make Russia's IT systems more resilient.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.