Banks Now Inquire About Recipients to Combat Fraud
When transferring large sums, banks have started requesting information from customers about their familial relationship to the recipient. These measures are linked to an increase in fraudster attacks.
Russian banks, due to fraudulent attacks, have begun asking customers about their kinship with the person to whom a large sum is being transferred.
When attempting to transfer a large sum, the transaction is blocked. Later, a bank employee contacts the customer and asks a series of questions, writes RIA Novosti.
A representative of the credit institution asks for the recipient«s full details and inquires about their relationship to the sender. Additionally, the bank employee clarifies how the money being transferred is planned to be spent.
At first glance, such questions may seem strange, but this is an attempt to protect against fraudsters. However, one should not rely solely on others. Malefactors can be recognized by four signs:
They initiate contact posing as employees of the Central Bank, tax service, law enforcement agencies, or the «Gosuslugi» portal.
The conversation always revolves around money, TASS clarified with the Ministry of Internal Affairs. This could be an offer to save savings, receive compensation, invest in a project, or urgently pay off debts.
Fraudsters ask to provide personal bank card details, codes from SMS, logins, or passwords.
They forbid anyone from disclosing information about the dialogue.
There are six common mistakes that can make one a victim of fraud. Losing funds can result from downloading an app from an unverified source or excessive trust in strangers. More details are provided in a separate article. Malefactors often use code phrases to intimidate their victim. A full list of such words can be found via this link.
