Russians to get special anti-fraud button

The Central Bank will oblige banks to implement a “special anti-fraud button” in their applications. They should appear in October of this year. The head of the Central Bank discussed this, Elvira Nabiullina, at the Ural Forum “Cybersecurity in Finance”:

“So Russians can directly file a report of a fraudulent transaction in the application and receive the necessary certificate for contacting the police. And vice versa, in the same mobile application, a person can answer the bank’s request to determine whether the transaction is fraudulent. This requirement will affect banks through which the main flow of payments passes, primarily large systemically important banks and credit institutions that are significant in the payment services market.”

At the same forum, the head of the Ministry of Digital Development of the Russian Federation said that from April 1, Russians will be able to check on State Services whether they have SIM cards they did not buy.

Author: Elina Akhmetova