Positive Technologies has recently joined the Association of Fintech (AFT) with the aim of advancing the sustainable digital development of the financial sector and mitigating cyber risks that could hinder the adoption of new technologies in the industry.
The members of AFT have noted that the Russian fintech sector is witnessing rapid growth, embracing innovation and artificial intelligence technologies. However, as digitalization increases, so does the risk of cyber threats. This highlights the critical need for robust cybersecurity measures to ensure continued progress without compromising data security and IT infrastructure.
Deputy General Director of Positive Technologies, Boris Simis, highlighted the company’s longstanding collaboration with financial institutions, including conducting cyber drills, investigating incidents, and testing the security of banks and insurance companies. He emphasized that joining AFT will strengthen partnerships with market players, enabling the implementation of industry initiatives that support sustainable development for organizations, safeguarding customer data and funds.
Maxim Grigoryev, the General Director of the Fintech Association, underscored the vital role of financial services in the economy, emphasizing the enormity of confidential data handled by financial companies and the necessity for advanced protection mechanisms. Grigoryev expressed confidence that Positive Technologies would enhance the cybersecurity resilience of AFT members and the broader market.
As part of the collaboration, Positive Technologies plans to engage in specialized events and working groups within the association, contribute to the development of cybersecurity standards, and conduct research on emerging threats. The company will also leverage the technological sandbox and other resources provided by AFT to test solutions under conditions closely resembling real-world environments.