Banks returned to Russians only 4.8% of funds stolen from their accounts by fraudsters last year. In an interview with the newspaper “Izvestia” on this subject, said German Zubarev, Deputy Governor of the Central Bank.
He explained why his share in the return of the money stolen from the Russians was “very low”.
“Fraud using social engineering methods is now very common, when someone under the influence of cybercriminals discloses this data to them or voluntarily transfers funds to them,” Zubarev said.
As before knowledgeable “socialbites.ca” may launch a new procedure in Russia for the return of non-cash funds stolen from citizens by fraudsters. We are talking about the full repayment of the stolen amount by the bank without additional conditions. As explained at the Central Bank, the innovation includes double-checking for suspicious transactions by both the sender’s bank and the receiver. In this case, the buyer’s bank will be able to restrict remote access to the scammer’s account if there is information about such an account in the database. Droppers – people who use other people’s accounts to withdraw and withdraw stolen money – will not be able to transact remotely in this situation.
However, according to the current legislation, the bank is not obliged to return the money to the victim of fraudsters if the transfer was made voluntarily. Given that the attackers use social engineering methods, almost all such transfers are made voluntarily by citizens under psychological pressure.
The Central Bank noted that they recommended banks to start implementing such a mechanism in April.