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Expert says Moscow Exchange sees threat of cyberattacks on broker systems

February 14, 2017, 19:07 UTC+3 MOSCOW
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MOSCOW, February 14. /TASS/. The Moscow Exchange sees the threat of cyberattacks on broker trading system related to the growing pool of retail investors (individuals) on the Russian financial market, department director of the Exchange Sergey Demidov said on Tuesday.

"We see the following major trend, the next big threat - an attack against participants in trading. We want to bring more private investors to the market on the one part but we understand on the other part that as soon as mass players come to the market, they become a target for intruders," he said.

The Exchange and the Central Bank are preparing security standards for broker trading systems similarly to banks, the expert said. "The majority of existing systems has good security but the question is to turn it into the standard, so that the other ones abide by it," Demidov said.

Standards have already been developed and will be approved shortly, a representative of the Bank of Russia Artem Sychev added in his turn.

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