The Central Bank of Russia has approved an advisory standard aimed at improving the security of transactions that use QR codes for payments and funds transfers. Financial institutions and other companies using QR codes can use the standard as a basis for developing internal protection measures. The standard catalogues potential threats at each stage of a QR code transaction, differentiated by QR code type, and sets out standard protection measures. It also covers protections for cash deposits and withdrawals via ATMs that use QR codes. The standard enters into force on 17 February 2025.
Central Bank of Russia 2025-02-07
Central Bank of Russia approves advisory standard to strengthen security of QR code payments and transfers
The Central Bank of Russia has approved an advisory standard to enhance the security of QR code transactions for payments and funds transfers. The standard identifies potential threats by QR code type and outlines protection measures, including for ATM cash deposits and withdrawals.