10 June 2019

BI.ZONE and Bank Saint Petersburg have entered into an agreement of cooperation

At the St. Petersburg International Economic Forum, BI.ZONE and Bank Saint Petersburg concluded an agreement about long-term cooperation in the field of cybersecurity.

“Bank ‘Saint Petersburg’” PJSC and BI.ZONE signed an agreement about long-term cooperation in the field of cybersecurity. Under the contract, organizations begin implementing projects to ensure countering fraud in payment channels, including automated monitoring of unauthorized operations. BI.ZONE will provide services to the bank ensuring the prevention, prompt response and effective investigation of financial fraud incidents. In addition, the parties will exchange data on new cyberthreats, how to detect them and prevent incidents.

“Bank ‘Saint Petersburg’ pays great attention to the security of remote customer service systems. Protection of client data and operations is one of the main priorities of the Bank, — says Pavel Filimonenok, Deputy Chairman of the Board of the Bank ‘Saint Petersburg’. — In order to increase the effectiveness of protection against criminals when clients perform payment operations, the bank takes measures to transfer fraud analysis systems to a new industrial platform, which will allow the bank to implement cross-channel data analysis in operated electronic payment systems. Thus, the fraud analysis system from BI.ZONE was chosen.”

“Our team continuously encounters cyberthreat epidemics and the new methods of their distribution, — says Dmitry Samartsev, director of BI.ZONE. — Traditionally, cybercriminals focused most of their attention on the financial sector, where attacks are directed both at the organization’s IT infrastructure as well as the bank’s clients. The time when security loved silence is over; today, banks are not only investing in remedies, but are also beginning to recognize the importance of sharing incident data. I am confident that through joint efforts we will one day witness the fight against cybercriminals evolve from a technological ‘arms race’ into mainstream preventive measures.”

Fraud monitoring processes in all digital service channels is automated using the BI.ZONE Cloud Fraud Prevention solution, which, with the help of artificial intelligence and machine learning technologies, monitors in real time all transaction and prevents unauthorized operations. The solution affords organizations full compliance with Article 167 of the Federal Law “On Amendments to Certain Legislative Acts of the Russian Federation in Part of Countering Money Theft”.

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