Fraud Cases Jump in Russia in Q3, Losses Hold at 8.2 Billion Rubles

The central bank says increased reporting of small thefts is inflating incident counts.

Overview

The Bank of Russia recorded 460,100 fraudulent operations in the third quarter, a 51% increase versus the average of the previous four quarters.
Despite the higher case count, total stolen funds held roughly flat at 8.2 billion rubles.
Regulators note that customers are increasingly notifying banks about thefts of small amounts.
Banks blocked 28.5 million attempted fraudulent transactions in July through September, according to the central bank’s report.
The figures were published on November 13 via RIA Novosti, and the summary did not include a breakdown by fraud type or sector.