Russian Parliament's Upper House Will Introduce Cybersecurity Bills By Year-End - Lawmaker

Russian Parliament's Upper House Will Introduce Cybersecurity Bills by Year-End - Lawmaker

A commission of the Russian parliament's upper house will bring forward draft cybersecurity laws and introduce proposals on international cooperation in this domain by the end of 2019, Vladimir Kozhin, a member of the chamber's Committee on Defense and Security and the chairman of the commission, said on Thursday

MOSCOW (Pakistan Point News / Sputnik - 28th March, 2019) A commission of the Russian parliament's upper house will bring forward draft cybersecurity laws and introduce proposals on international cooperation in this domain by the end of 2019, Vladimir Kozhin, a member of the chamber's Committee on Defense and Security and the chairman of the commission, said on Thursday.

"We will come up with a set of legislative initiatives on countering cybercrimes until the end of the year. And we will offer international cooperation in this area," Kozhin told a briefing.

The lawmaker noted that most counties still had to improve their cybersecurity legislature, stressing that this area of cooperation was becoming increasingly important.

"In order to efficiently combat this threat, we need to have very substantial international cooperation, as well as bilateral and multilateral agreements between countries, because, as you know, one may now be based in one country, but perpetrate cybercrimes against another country," Kozhin added.

Last December, the Russian national system aimed at detecting, preventing and eliminating the consequences of cyberattacks against Russia said that it had detected over 4 billion attacks on Russian key information infrastructure in 2018.

In late January, Russia's Sberbank said that cyberattacks could cost the global economy from $8 trillion to $10 trillion by 2022.