In Russia, they propose to create a bank security rating

In Russia, they propose to create a bank security rating. As Izvestia found out, such a bill will be submitted to the State Duma on February 26 by Deputy Speaker of Parliament Aleksanr Babakov and head of the Fair Russia - For Truth faction Sergey Mironov.

"In 2024, Russia is experiencing an increase in telephone fraud related to borrowed funds. According to the Central Bank of Russia, in the third quarter of 2024, banks repelled 16.1 million attacks by cybercriminals on customer accounts and prevented the theft of 4.9 trillion rubles, and the attackers stole citizens' funds in the amount of 9.3 billion rubles. According to the Ministry of Internal Affairs, in 2024, the damage from their actions in Russia amounted to 136 billion rubles," Izvestia said in an explanatory note to the document.

It emphasizes that the current legislation contains general provisions governing the obligations of credit institutions to ensure the security of financial transactions. In particular, there are currently no uniform mandatory requirements for fraud prevention mechanisms, which leads to differences in the practice of countering crimes among credit institutions.

In this regard, the draft law proposes to assign to the Bank of Russia the authority to develop and implement measures aimed at preventing fraud in the field of borrowed funds, including in the digital space. Among other things, it is proposed to approve criteria for assessing the frequency and scale of fraudulent activities detected by credit institutions. According to the deputies, this will make it possible to form a bank security rating and increase the level of protection for borrowers.

"At the same time, the rating of credit institutions is not an instrument of administrative influence or a sanction measure, but performs an exclusively informational function. Its purpose is to provide citizens and business entities with additional information about the activities of credit institutions in the field of fraud prevention," the document says.

It is noted that this approach will allow borrowers to consciously choose financial institutions and increase the level of trust in the banking system without creating additional administrative barriers for business.

"Today it is extremely important to provide citizens and business representatives with comprehensive information about banks' activities to protect their customers. To do this, we need a special rating that will increase the level of confidence in the banking system," Sergei Mironov explained to Izvestia the importance of the legislative initiative.

Fraud is wider: credit fraud in Russia exceeded 12 billion rubles

What are the most popular theft schemes and how to counter them

Alexander Danilov, Director of the Bank of Russia's Banking Regulation and Analytics Department, said on February 20 that in 2024, the volume of href="https://iz.ru/1842242/2025-02-20/obem-kreditnogo-moshennichestva-v-bankakh-rossii-prevysil-12-mlrd-rublei " target="_blank">credit fraud in Russian banks has reached 12.8 billion rubles. According to him, fraudsters apply for loans to bank customers without their consent.