On February 17, a security standard issued by the Bank of Russia came into effect, aimed at enhancing the safety of transactions using QR codes.

Under this regulation, financial institutions and companies that facilitate payments and transfers via QR codes can develop internal security measures based on its guidelines.

“The document, depending on the types of QR codes, systematizes the threats that may arise at each stage of the operation and presents typical ways of protection against these threats. Additionally, separate security measures are established for depositing and withdrawing cash at ATMs using QR codes,” the Central Bank stated.

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