Financial News: Banks Prevent 3.5 Trillion Ruble Theft: Q3 Results

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In the third quarter, fraudsters managed to commit 460,100 fraudulent transactions, a 51% increase compared to the average for the past four quarters. The volume of thefts remained virtually unchanged at 8.2 billion rubles. People are increasingly reporting thefts of even small amounts to banks. This is largely due to the fact that some large credit institutions prematurely introduced a service in their mobile apps that allows affected customers to promptly report fraudulent transactions. This service has been available since October. functionality became mandatory for large banks.

From July to September, the Bank of Russia initiated the blocking of 17,300 phone numbers belonging to criminals, as well as 7,800 internet resources belonging to them, including social media pages.

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