The launch of the digital ruble is fraught with cybersecurity risks and a possible outflow of customer funds from banks. This is evidenced by research data from the Association of Russian Banks (ADB).
17 banks took part in the survey. They account for 57.4% of the total assets of the Russian banking system.
The majority of respondents see in the digital ruble “the same risks as for non-cash payments using bank accounts and cards, as well as risks typical for the cryptocurrency segment,” the study says.
Among them is the ability to gain access to the user’s electronic wallet, his personal information and operations.
In the case of using a centralized system, cybersecurity threats have more serious consequences, representatives of the banks noted.
They also believe that with the launch of the digital ruble, new types of malware will emerge, hackers will become more active to steal funds from users, as well as attacks on the infrastructure of the digital ruble.
The study participants noted that the digital ruble can cause an outflow of client funds from banks, negatively affect their creditworthiness and is fraught with an increase in rates.
Among the advantages of the digital ruble, the representatives of the bank named the possibility of using it offline.
“The rejection of this opportunity raises the question of the feasibility of the project as a whole,” says the ADB study.
However, most believe that initially “it is enough to work in the online mode, since the elaboration of the offline mode technology can significantly slow down the process of launching a pilot project.”
Recall that the head of the Central Bank of the Russian Federation told what to expect from the digital ruble.
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