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 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Cybercrime is a Key Threat to World Economic Growth. Is Russia Prepared to Face New Challenges?
30 September 2016

The world has been changing, technological progress has been accelerating general advancement and creating new markets. Living standards can grow for most people thanks to these positive developments. Total digitalization and other tech breakthroughs have been forcing companies to change traditional practices and approaches to doing business. Change has been affecting all sectors of economies, and the speed of adaptation has been turning into a swinging factor for the survival of businesses. Unfortunately, the criminal community has been adapting to technological advancements just as quickly. Modern cyber attacks have been increasingly targeted, automated and simple in execution, while hacker communities have been turning increasingly diversified and globalized. The losses for the world economy from cybercriminal activities topped USD 500 billion, and, according to some experts, might reach USD 2 trillion by 2019 without much vigorous response. To fight cybercrime, united efforts are required on the part of public institutions, financial and corporate sectors. Some moves have been already afoot in Russia. A number of far reaching decisions were adopted at a Sberbank-hosted meeting led by the Chairman of the Russian Government Dmitri Medvedev on 3 June 2016, tasks were given to prepare a project with the aim of creating a unified system of countering information security threats in the financial industry of Russia.

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