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Deloitte Held a Round Table Discussion on New Information Security Standards

New Information Security Standards

In 2006 and 2007, the Russian banking sector is focusing on the implementation of a new Bank of Russia security standard (STO BR IBBS 1.0-2006) that will affect various aspects of the banking activity, including the reliability of financial statements. Banks treat information security risks as a material part of their operating risks and, therefore, a special focus is placed on the use of this standard.

In order to clarify the new standard, Deloitte organized a seminar on the challenges banks face during the implementation of the new information security standard.

The round table meeting was held at Deloitte’s Moscow office on 12 April 2007.

The event was organized together with the Subcommittee on Information Security of the Association of Russian Banks and Oracle. The round table attracted representatives of 15 banks, including Rosbank, B.I.N. Bank, MBRD, Uralsib and others.

The participants spent three hours sharing information and discussing various aspects related to the use of STO BR IBBS 1.0-2006, including the development of efficient security policies, analysis of information risks, and specific elements of access management in information systems. The key Deloitte experts comprised Nina Parfenova, Iskander Koneev and Dmitry Masyuk, as well as a representative from Oracle, Dmitry Shepelyaviy.

The participants of the event were introduced to Deloitte’s new approach to structuring work by different areas, set down in leaflets and following the best traditions of the famous “rainbow” series of information security standards.

The bank representatives appreciated Deloitte’s new initiative regarding information security and expressed a wish that the agenda of the next round table would be on issues related to information security under the new Russian law "On personal data" (No. 152-FZ 27.07.2006).

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