Number of prevented frauds increases by almost 2.5 times
In 2023 Q2, banks repelled over 6.5 million attacks on client accounts (vs 2.7 million in the previous quarter), as evidenced by the Review of Reporting on Information Security Incidents Related to Funds Transfers. Fraudsters were prevented from stealing ₽911 billion.
In April—June, offenders conducted 279,700 unauthorised transactions worth ₽3.6 billion.
The amount of loss from unauthorised transactions declined by 6% compared to the average for the previous four quarters although the number of such transactions increased by 28.5%.
The Bank of Russia has been collecting data on prevented fraudulent transactions since early 2023 to assess the effectiveness of bank anti-fraud systems.
Telephone fraudsters were more active in the second quarter. Calls from scammers impersonating employees of the Bank of Russia or of other banks remain the most wide-spread practice. The regulator initiated blocking of 276,800 telephone numbers used to defraud people.
Moreover, the Bank of Russia promptly identified 8,056 suspicious online resources and passed over information about them to the Prosecutor General’s Office and domain name registrars for further blocking.
The number of phishing attacks dropped by almost 40% compared to the average for the previous four quarters, as noted in the review.