Unified Anti-Fraud Platform Will Help Take Social Engineering Under Control
Posted: Mon Jan 20, 2025 6:42 am
T-Bank has added job offer fraud schemes to its "We'll Protect or Return Your Money" service, which previously focused only on classic telephone fraud scenarios. It identifies fraud during a call with a probability of over 99% and uses technology to protect customers from fraudsters. As stated in the bank's press release, if T-Bank fails to prevent fraud and the customer falls victim to deception, the bank will compensate for the losses.
However, on July 25, 2024, Federal portugal whatsapp resource Law No. 369-F3 "On Amendments to Federal Law 161-F3 "On the National Payment System" came into force. The law obliges banks to suspend client transactions to accounts that are fraudulent. If the bank finds a match between the details and those in the Bank of Russia (Central Bank of the Russian Federation) database "On cases and attempts to transfer funds without the voluntary consent of the client", it is obliged to suspend the transaction. In the event of a transfer of money to fraudsters, the bank must return the lost funds to the client.
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Anna
Shvetsova
On July 25, Federal Law No. 369-F3 of July 24, 23 "On Amendments to Federal Law 161-F3 "On the National Payment System" came into force. It tightens the rules for banks to verify the details of recipients. This is another stage in the fight against fraud. However, is it effective?
Oleg Zamiralov, head of the T-Bank ecosystem protection center, told a ComNews correspondent what makes the service unique and why its innovations are important even after the new law came into force: "Under the new law, banks are required to return stolen funds only in cases where they were transferred to details that are listed in a special database of the Central Bank of the Russian Federation as fraudulent. But unfortunately, this is far from the entire volume of fraud. And the obligation to compensate only applies to situations where the bank did not warn the client that he was most likely making a transfer to fraudsters, and did not "cool" such a transfer for two days. If the bank warned and delayed the transaction, but the client made it anyway, his losses will not be compensated. The "We will protect or return money" service covers any situations and most fraudulent scenarios, regardless of whether the recipient's details were in the Central Bank's database or not."
However, on July 25, 2024, Federal portugal whatsapp resource Law No. 369-F3 "On Amendments to Federal Law 161-F3 "On the National Payment System" came into force. The law obliges banks to suspend client transactions to accounts that are fraudulent. If the bank finds a match between the details and those in the Bank of Russia (Central Bank of the Russian Federation) database "On cases and attempts to transfer funds without the voluntary consent of the client", it is obliged to suspend the transaction. In the event of a transfer of money to fraudsters, the bank must return the lost funds to the client.
Read also
Anna
Shvetsova
On July 25, Federal Law No. 369-F3 of July 24, 23 "On Amendments to Federal Law 161-F3 "On the National Payment System" came into force. It tightens the rules for banks to verify the details of recipients. This is another stage in the fight against fraud. However, is it effective?
Oleg Zamiralov, head of the T-Bank ecosystem protection center, told a ComNews correspondent what makes the service unique and why its innovations are important even after the new law came into force: "Under the new law, banks are required to return stolen funds only in cases where they were transferred to details that are listed in a special database of the Central Bank of the Russian Federation as fraudulent. But unfortunately, this is far from the entire volume of fraud. And the obligation to compensate only applies to situations where the bank did not warn the client that he was most likely making a transfer to fraudsters, and did not "cool" such a transfer for two days. If the bank warned and delayed the transaction, but the client made it anyway, his losses will not be compensated. The "We will protect or return money" service covers any situations and most fraudulent scenarios, regardless of whether the recipient's details were in the Central Bank's database or not."