Bank of Russia records decrease in fraudulent transactions
Central bank says decrease in cybecrime is a result of a new centre for monitoring cyber crime
A decrease in the value of fraudulent transactions across the Russian payments network appears largely a result of work carried out at a new Bank of Russia cyber attack centre, an official at the central bank told a cyber security conference.
Bank of Russia's deputy head of security and information protection, Artem Sychev, said the value of unauthorised transactions across corporate accounts using remote banking services had decreased by more than three times over the past year.
Sychev
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