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Fight against lending fraud to be one main tasks for cyber security — Bank of Russia

According to Elvira Nabiullina, every fourth ruble stolen from banks is from borrowed funds

YEKATERINBURG, February 14. /TASS/. The fight against the so-called lending fraud will be one of the main tasks for cyber security this year, Russia, Elvira Nabiullina, said speaking at the Ural forum Cybersecurity in Finance.

"We see that social engineering (malicious activities accomplished through human interactions - TASS) is rapidly spreading in lending. More and more people are taking out millions in loans and giving them to fraudsters. According to our statistics, every fourth ruble stolen from banks is from borrowed funds," she said.

About the forum

The Cybersecurity in Finance forum is taking place in Yekaterinburg, Russia’s Ural region, from February 14 to 16. The Forum is the largest event dedicated to discussing trends and challenges in information security, as well as development priorities and prospects of financial institutions’ cyber security. In 2024, the Forum’s participants will focus on exploring development strategies for information security in finance in a rapidly changing environment. TASS is the general information partner of the forum.

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Internet & Telecom

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