Credit Fraud Falls by 40%: Nabuillina

12:30; 18 February 2026 year

### Cybersecurity Measures Lead to 40% Drop in Credit Fraud in Russia Measures taken by Russian lawmakers and financial market participants have proven effective, leading to a 40% decrease in credit fraud, according to Elvira Nabiullina, the head of the Central Bank of Russia (CBR), speaking at the Ural Forum on Cybersecurity in Finance. "Credit fraud. You remember how it was growing rapidly, how socially sensitive it was. Now, as a result of the measures taken, we see that the volume of credit fraud has significantly decreased by 40%," Nabiullina stated. Despite this progress, major Russian banks still suspend approximately 330,000 transactions each month, up from around 300,000 monthly last year. Nabiullina highlighted the lack of coordination with telecommunications operators as a key unresolved issue in combating fraudsters.

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