Fintech digest: free transfers in the SBP system, the vulnerability of banks to attacks and other news
Today in the digest:
- Free transfers between banks that are part of the SBP system;
- The degree of vulnerability of banks to attack by attackers;
- The financial literacy of the population is growing;
- Cryptocurrencies remain an unpopular means of payment.
Transfers without commission
Almost all banks connected to the Quick Payment System launched by the Central Bank decided not to charge a commission for transfers from customers. Free translations will be relevant, at least in the first months of the system.
SBP started in test mode on January 28, among the banks connected to it there is Alfa-Bank .
There are currently 12 banks in total:
- "Alfa Bank"
- QIWI Bank
- Tinkoff Bank
- VTB Bank
- Gazprombank
- Rosbank
- Sovcombank
- Promsvyazbank
- "AK Bars"
- Raiffeisenbank
- RNCO "Payment Center"
- SKB-Bank
There is no Sberbank in the system (yet), since de facto SBP will be a competitor to it . But things can change if the Central Bank is still oblige to participate in SBP large banks.
Some banks have already announced that they plan to introduce a commission in June, but not all organizations connected to the system will do this. Some companies plan to transfer funds without a commission, the amount of which does not exceed a certain amount (6 thousand rubles).
Many banks are not ready for hacker attacks
According to Group-IB, about 74% of Russian banks are not ready to seriously resist hacker attacks. Banks themselves do not agree with this conclusion, since a large number of organizations are constantly improving methods of dealing with cybercriminals.
The findings of Group-IB are based, in particular, on data on hacker activity from 2018. Then 70% of such activity was just in the banking sector. The remaining 30% was directed to the companies of the fuel and energy complex and industrial enterprises.
Problems with hackers arise mainly from not the largest banks.
However, in our experience, banks from the top 10 are much better protected than small banks, including because they were more likely to be encountered with cyber incidents.said the head of the Computer-Forensics Laboratory Group-IB Valery Baulin.
Digitalization has a beneficial effect on the financial literacy of bank customers
According to most financial institutions, digital channels for managing personal finances, including a personal account on a site or a mobile application, help users of financial services manage their money more competently .
The users of such services themselves (about 80%) are also positive about digital channels for providing financial services. They value their benefits, including responsiveness, accessibility, and transparency. True, digital channels also have risks. So, 77% believe that they make financial transactions less tangible, because a person does not see real cash.
Cryptocurrencies have not become a popular means of payment
According to Kaspersky Lab experts who have studied the popularity of various payment methods, cryptocurrencies could not get recognition from users. According to the company, payment with cryptocurrency lags behind popularity with payment by bank cards.
The study indicates that only 13% of the surveyed Internet users pay for goods with cryptocurrency, while 81% use bank cards. Cryptocurrency lagged behind PayPal. True, experts believe that cryptocurrencies still have a certain level of demand, but it is not high.
The study involved about 12.5 thousand people from 22 countries. By the way, according to some experts, the uncertainty with cryptocurrency harms the economy.