Search

Central Bank of Russia proposed to oblige banks to return funds stolen by fraudsters

Central Bank came up with an initiative to introduce a fixed amount that must be returned by the bank to the client in case of fraudulent actions against the latter. The amendment may appear in the law ‘On the National Payment System’. According to the head of the information security department of the regulator Vadim Uvarov, the key prerequisites for changes are both the need to improve the mechanism for combating this kind of fraud, and the situation for the return of stolen funds. At the moment...

Sorted by relevance | Sort by date