Russian President Vladimir Putin signed a law Monday aimed at protecting citizens from cyber fraud, as financial cybercrime reportedly reached record levels in the country. The legislation, among other things, prohibits the use of foreign messaging apps for communication by state institutions, banks and major digital platforms with over 500,000 daily users. Additionally, organizations will be required to label incoming calls with their official names to prevent scams in which attackers disguise their identity to appear as someone else. The law also mandates the creation of a state-run information system to track individuals involved in cyber offenses. Lawmakers argue that these measures are necessary as cyber fraud and personal data leaks continue to rise across Russia.
Russia tightens cybersecurity measures as financial fraud hits record high (Daryna Antoniuk, The Record)
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