Russian banks lose $100.37m to online scammers

Russian banks, according to reports, have recorded a loss of $100.37 million as a result of online bank theft.

According to reports from the Central Bank of Russia published on Wednesday, online scammers stole a total of 6.4 billion roubles ($100.37 million) from private and corporate bank accounts.

The central bank said it had recorded more than half a million unauthorized operations across bank accounts in the country last year, the report said.

The bank did not provide statistics from 2018 that could have shown how significant the increase in cyber theft was last year.

Reuters