Russian banks manage to refund less than 10% of the money cyber scammers steal from citizens’ accounts, head of the Bank of Russia, Elvira Nabiullina, said at the Cybersecurity in Finance forum.
“Of course, we see that the share of refunds to people who were victims of cyber fraud has increased. But the exact figures – it was 4.4%, now it is 8.7%. Less than 10% of the funds are refunded to people, so this figure is still quite low. The number of successfully repelled attacks by banks has increased, but the number of successful attacks has also increased – almost 1.2 million transactions without client consent. So, we see that the long-awaited turning point we talked about did not happen,” she said.
Read more…
Source: TASS News