⚡️ Russia 🇷🇺: T-Bank Launches an Innovative Service Against Fraudsters

⚡️ Russia 🇷🇺: T-Bank Launches an Innovative Service Against Fraudsters

The service, called "Protection of Loved Ones," is a novelty in the Russian market. According to the bank, it could prevent the theft of over 1.5 billion rubles annually.

➡️ This tool allows a bank customer to appoint an authorized representative to oversee and verify suspicious transactions, such as transfers to unknown accounts, loan applications, or early deposit withdrawals.

➡️ The authorized representative can set a transfer limit, requiring their approval for any transaction exceeding this threshold.

➡️ If a transaction is not approved within 24 hours, it will be automatically declined.

➡️ Privacy safeguarded: Routine, everyday transactions remain invisible to the authorized representative, ensuring confidentiality.

➡️ Context: According to Roskomnadzor, in 2023, there were 168 data breaches in Russia, meaning that nearly 90% of adult Russians' data is already publicly available online.
#news #Russia

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