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Monday, October 24, 2016

In Russia, banks unable to access to the database of subscribers of cellular companies

Russian banks will be able to find out information about the owner of the phone number by querying the data providers. The relevant law is proposed to develop a subgroup of “Internet+Finance” working group at presidential administration of the Russian Federation, Izvestia reports, citing the Deputy Director of the Institute for the development of the Internet and a member of this subgroup Ekaterina Lobanov.

“The Bank needs to obtain the status of the client from the network operator to prevent fraud. This can be information about changing SIM-cards, the presence of lock, the geolocation of the device. Roskomnadzor in the framework of current legislation forbids everyone to do it,” she said.


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