Banks Returned Only 6.8% Of Stolen Funds To Fraud Victims In 2021

✨ Megiddo

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The rate of refunds to fraud victims has almost halved. Russian banks were able to return 920,500,000 rubles to citizens of the Russian Federation who became victims of fraudsters, which is 6.8% of all stolen funds. The total amount by which fraudsters deceived fellow citizens reached 13.5 billion rubles. According to RBC, referring to the Bank of Russia, the level of return of funds falls in proportion to the increase in theft. The number and volume of fraudulent transfers last year increased by 33.8% and 38.8%, respectively, compared to the previous year. According to the regulator, this is due to the development of new remote payment services and the growth in the volume of money transfers.









The main method of stealing funds from scammers remains social engineering - a psychological impact on the victim. Fraudsters managed to steal another 4.1 billion rubles when paying for goods and services on the Internet.

In 2021, Russia proposed to introduce a mandatory refund amount in case of theft from accounts. This initiative was taken by the Central Bank.
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