A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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News
21.01.2020

Risk or Crisis Management – Why Prevention better than Mitigation?

KEY CONCLUSIONS

Cyberattacks damage economies, both globally and in Russia

«In the global risks report prepared by the World Economic Forum, cyberattacks take the fifth place. In 2018, the global economy lost USD 1.5 trillion to cyberattacks. The damage is expected to reach 8 trillion by 2022 and 90 trillion by 2030,» — Dmitry Samartsev Chief Executive Officer, BI.ZONE.

«Russian economy lost RUB 2.5 trillion in 2019,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

International standards and rules on cybersecurity must be designed and implemented

«We need unified standards, as criminals do not respect any borders, whereas nations do. If we do not establish unified rules the risks are going to keep growing,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Preventive measures are to be prioritized to defeat cybercrime

«Cybercriminals are not standing still. In order to defeat them we need to analyze the future threats, we need build proper processes and start implementing on preventive measures,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Collaboration is a mandatory prerequisite to battling cybercrime

«The global community needs to learn to cooperate and join forces to fight cybercrime. Data exchange, design and implementation of unified cybersecurity standards, joint personnel development and improvement of cyberliteracy will allow for a joint response to the cyberthreat,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

PROBLEMS

Cybercriminals are far more efficient in using cutting edge technologies than many companies and they act across the borders

«We are half a step or step behind the cybercriminals,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

«Zero day attacks using previously unknown malware are taking place daily, whereas just a year ago they occurred maybe once a week,» — Dmitry Samartsev Chief Executive Officer, BI.ZONE.

«2 January we thwarted an attack: it was 34 million packets per second coming from 1.5 million cameras scattered all around the world. Over a million smart devices in a single attack — it is an unprecedented case that illustrates the rapid development of cybercrime,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

«Today, there are plenty of communities designing frameworks for AI technologies. These are our future threats, much like the developing 5G technologies: they present an opportunity for cybercriminals to rev up the attacks by dozens or even hundreds of times. Darknet helps them coordinate their efforts,» — Dmitry Samartsev Chief Executive Officer, BI.ZONE.

«AI technology is used to make fake news: criminals emulate news and use them to attack corporations. These attacks are still very efficient, especially when combined with phishing,» — Dmitry Samartsev Chief Executive Officer, BI.ZONE.

«In 2019, Russia and Eastern Europe-based RTV hacking squad was particularly active. Criminals did thousands of mass send-outs with attached malware to tens of thousands of Russian companies. They aimed to infiltrate operating systems, above all accounting software. In dozens of reported cases they managed to steal companies’ funds,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Private companies and SMEs in particular are not sufficiently protected from cyberthreats compared to state-run infrastructure elements

«Nowhere in the world are companies stress-resistant adequately to the threat level. We lack mandatory rules. Many critical infrastructure elements have them already, while businesses still do not,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

«Today, there is not an entity in Russia that can design cybersecurity rules for SMEs,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Most companies deal with the aftermath of the attacks instead of allocating resources to minimize the risks

«83% of companies around the world address the consequences of the attacks and do not foster the risk targeting approach. This is why we are behind the cybercriminals,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Lack of laws regulating cybersecurity and tech companies

«Lawmakers are not catching up with tech companies. As a result, technologies advance more rapidly then their security requirements. We need rules and norms, both domestic and international,» — Dmitry Samartsev Chief Executive Officer, BI.ZONE.

SOLUTIONS

Aim to strategically block cyberattacks, analyze their origins, as well as model and forecast them

«We need to analyze the models of the threats and principles on which they are based. It would help us understand how we can defend against them and thwart future threats,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Implementing defense tools on the level of architecture design

"Defense need to be implemented on the very early stages, at the level of architectural design. Today, many still neglect this rule,«— Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Putting cybersecurity for SMEs on the task list for the new government

«Protecting SMEs is one of the priority tasks for the new government,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

Implementing overall protection measures to block internal data leakage

«Our priority for 2020 is creating a system to counter internal data leakage. We are implementing rigid rules on internal data exchange, as well as organize trainings, mock phishing send-outs, and educate the employees that do not follow cybersecurity rules,» — Stanislav Kuznetsov Deputy Chairman of the Executive Board, Sberbank.

For more information, visit the Roscongress Foundation’s Information and Analytical System at roscongress.org/en.

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