COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR

Aleksandr Suglobov; Andrey V. Minakov

doi:10.29039/2409-6024-2026-14-5-265-280

VAK Russia 5.2.1 UDC 332.1 VAK Russia 5.2.3 VAK Russia 5.2.4 VAK Russia 5.2.5 VAK Russia 5.2.6 VAK Russia 5.2.7

7 more Collapse

COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR

Published in Russian Journal of Management · Volume 14, Issue 5 · Pages 265–280 · Rubric: Risk management

DOI: https://doi.org/10.29039/2409-6024-2026-14-5-265-280

Received: 15.06.2026 Accepted: 17.06.2026 Published: 29.06.2026

Authors

Aleksandr Suglobov

ORCID Scopus ResearcherID SPIN

Andrey V. Minakov

Aleksandr Suglobov

Academic degree: doctor of economic sciences ; doctor of economic sciences

Science rang: professor

Financial University under the Government of the Russian Federation Professor · Department of Accounting, Analysis and Audit · Russian Federation · Москва

ORCID Scopus ResearcherID SPIN

Andrey V. Minakov

Moscow University of the Ministry of Internal Affairs of Russia named after V. Ya. Kikot Russian Federation

ABSTRACT

The topic of combating cyberfraud is becoming especially relevant due to the development of digitalization in banking services, which simultaneously expands the opportunities for high-tech crimes. Damages caused by criminals undermine the financial stability of credit institutions and customer trust, creating risks for the entire banking sector. Therefore, improving anti-fraud methods in the banking sector is becoming an important factor in ensuring economic security and the stable operation of the national financial system. The purpose of this article is to identify the specific features of combating cyberfraud in the Russian banking sector. This article analyzes the results of cybercrime for the period 2021-2025. Indicators such as the volume and number of transactions without the voluntary consent of clients (including individuals and legal entities), the share of funds returned to clients out of all money transfer transactions without voluntary consent, the volume of prevented transactions without voluntary consent, the dynamics of blocked fraudulent online resources, and others were analyzed. The analysis revealed a number of issues, including an increase in theft of bank clients' funds and a decrease in the share of funds returned. To further improve cybercrime prevention in the banking sector, it is necessary to implement proactive cyberintelligence methods, regularly engage external security researchers of banking infrastructure, and develop horizontal information exchange between financial institutions. Practical implementation of the proposed measures will enable preventative strengthening of vulnerable elements of the banking infrastructure and significantly reduce the risk of successful cyberattacks. Engaging an external, independent audit ensures an objective and independent assessment of credit institutions' security measures. The primary outcome of this work will be the development of a corporate culture focused on continuously improving security systems. The creation of a centralized mechanism for sharing information on current threats will help financial market participants respond promptly to incidents, minimize direct financial losses, and prevent the spread of new types of malware.

KEYWORDS

antifraud system, banking sector, malware, cybercrime, telephone fraud, phishing

1. Federal'nyy zakon ot 27.07.2006 № 149-FZ «Ob informacii, informacionnyh tehnologiyah i o zaschite informacii» (red. ot 29.12.2025). 2026. URL: https://www.consultant.ru/document/cons_doc_LAW_61798/ (data obrascheniya: 08.06.2026)

2. Federal'nym zakonom ot 01.04.2025 № 41-FZ «O sozdanii gosudarstvennoy informacionnoy sistemy protivodeystviya pravonarusheniyam, sovershaemym s ispol'zovaniem informacionnyh i kommunikacionnyh tehnologiy, i o vnesenii izmeneniy v otdel'nye zakonodatel'nye akty Rossiyskoy Federacii» (red. ot 31.07.2025). 2026. URL: https://www.consultant.ru/document/cons_doc_LAW_502182/ (data obrascheniya: 08.06.2026)

3. Ashmika, A. Kiberprestupleniya, svyazannye s elektronnymi kartami, i bankovskoe moshennichestvo / A. Ashmika // Pravo i cifrovaya ekonomika. 2023. № 1(19). S. 60-71.

4. Bogdanova, M. V. Profilaktika kiberprestupleniy s ispol'zovaniem informacionnyh tehnologiy / M. V. Bogdanova, A. S. Poltoranina // Upravlencheskiy uchet. 2022. № 11-3. S. 674-679.

5. Borisova, N. A. Kiberprestupleniya: vidy i instrumenty vyyavleniya, ih preduprezhdeniya / N. A. Borisova, S. A. Gomozova, V. V. Nikonorkin // Nauchnye zapiski akademii. 2024. T. 15, № 4. S. 24-30.

6. Vitvickaya, S. S. Kiberprestupleniya: ponyatie, klassifikaciya, mezhdunarodnoe protivodeystvie / S. S. Vitvickaya, A. A. Vitvickiy, Yu. I. Isakova // Pravovoy poryadok i pravovye cennosti. 2023. T. 1, № 1. S. 126–136.

7. Kibermoshennichestvo: protivodeystvie novym ugrozam // Bank Rossii. 2026. URL:https://cbr.ru/Content/Document/File/174841/CYBERFRAUDCOUNTERINGNEWTHREATS.pdf (data obrascheniya: 08.06.2026)

8. Kostyleva, G. V. Kiberprestupleniya v bankovskoy sfere Rossiyskoy Federacii: sposoby vyyavleniya i protivodeystviya / G. V. Kostyleva, I. A. Ismoilov // Chelovek. Socium. Obschestvo. 2023. № 8. S. 162-167.

9. Moiseeva, P. V. Vzaimodeystvie sledstvennyh organov i operativno-rozysknyh podrazdeleniy v dosudebnom proizvodstve i po ugolovnym delam o kiberprestupleniyah / P. V. Moiseeva, S. A. Potapov // Derzhavinskiy forum. 2026. T. 10, № 1. S. 31-36.

10. Obzor operaciy, sovershennyh bez dobrovol'nogo soglasiya klientov finansovyh organizaciy // Bank Rossii. 2026. URL: https://cbr.ru/analytics/ib/operations_survey/2025/ (data obrascheniya: 08.06.2026)

11. Terent'ev, A. A. Kiberprestupleniya. Sposoby protivodeystviya kiberprestupleniyam v 21 veke / A. A. Terent'ev, D. V. Kupavceva // Ohrana, bezopasnost', svyaz'. 2025. № 10-1. S. 146-149.

12. Shkodinskiy, S. V. Cifrovaya transformaciya bankovskih biznes-modeley i problemy obespecheniya kiberbezopasnosti / S. V. Shkodinskiy, Yu. A. Krupnov, O. M. Tolmachev // Vestnik evraziyskoy nauki. 2026. URL: URL: https://esj.today/PDF/08ECVN323.pdf (data obrascheniya: 08.06.2026)

This work is licensed under Creative Commons Attribution-NonCommercial 4.0 International

JATS XML

Chief editor

Aleksandr Suglobov

a_suglobov@mail.ru

Deputy Editor-in-chief

Aleksey S. Mindrin

Publishing editor

Nadezhda Troitskaya

nn2209@mail.ru +7(915)259-03-86

This work is licensed under Creative Commons Attribution-NonCommercial 4.0 International Creative Commons

GOST

Suglobov A. E., Minakov A. V. COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR // Russian Journal of Management. 2026. no. 5. pp. 265-280. DOI: https://doi.org/10.29039/2409-6024-2026-14-5-265-280. (Date of access 25.09.2026).

MLA

Aleksandr Suglobov, Minakov A. V.. "COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR." Russian Journal of Management 14.5 (2026): 265-280. DOI: https://doi.org/10.29039/2409-6024-2026-14-5-265-280.

APA

Suglobov A. E., Minakov A. V. (2026). COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR. Russian Journal of Management, 14(5), 265-280. https://doi.org/10.29039/2409-6024-2026-14-5-265-280

Chicago

Aleksandr Suglobov, Minakov A. V.. "COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR." Russian Journal of Management 14, no. 5 (2026): 265-280. https://doi.org/10.29039/2409-6024-2026-14-5-265-280.

WIKI

{{cite journal | author = Suglobov A. E., Minakov A. V. | title = COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR | journal = Russian Journal of Management | year = 2026 | volume = 14 | issue = 5 | pages = 265-280 | doi = 10.29039/2409-6024-2026-14-5-265-280 }}

Copy

Export: BibTeX EndNote RefMan RusMARC

COUNTERING CYBER FRAUD AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE BANKING SECTOR

Confirmation