Central bank wants social engineering victims to get full refunds

MOSCOW, Feb 3 (PRIME) -- The Russian central bank has suggested returning to a client the whole amount stolen by a fraudster via social engineering if the bank does not follow the regulator’s recommendations, Vadim Uvarov, head of the information security department, said on Thursday.

“The first thing we offered to do is to change the mechanism of return of stolen money. For the cases when a payer’s bank has not taken into account our information in its business processes and the person gave his personal data under the influence of perpetrators, we put forward an option of returning to the client the stolen sum in full,” Uvarov said at a forum.

The regulator started working on suggestions to change the order of returning stolen money in 2021.

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