The number of online banking thefts in Russia has decreased by half this year, despite a parallel increase of 1.5 times in the number of fraudulent attacks.

According to VTB, this reduction is attributed to the modernization of customer protection systems by banks, including the introduction of additional security measures. These measures include confirming unusual and large transactions via NFC and biometrics, as well as self-imposed credit bans.

However, fraudsters have adapted by changing tactics and reverting to social engineering and psychological manipulation. Now, victims are often persuaded to transfer their own funds.

VTB reports a doubling in fraudulent thefts targeting minors since the start of the year. This is attributed to adolescents’ high digital activity, active online communication, and limited understanding of financial security. Conversely, pensioners are 22% less likely to fall victim to these schemes.

Dmitry Revyakin, Vice President of VTB, stated that fraudsters have shifted their focus to social engineering and are increasingly using intermediaries, known as “drops,” in their schemes.

Revyakin also mentioned that a law taking effect in the fall will hold intermediaries liable if they are knowingly or negligently involved in illegal financial transactions. He likened the fight against fraudsters to an ongoing series, with changing seasons but consistent characters, and an unresolved finale.

The information was revealed at the St. Petersburg International Economic Forum 2025 (SPIEF), which is taking place from June 18-21, 2025. The forum’s main theme is “Shared values ​​are the basis of growth in a multipolar world,” with approximately 20,000 representatives from 140 countries and territories participating.