Russian banks to introduce caller ID labels to curb phone fraud - The Peninsula Qatar
Calls from Russia's largest banks will soon display the names of the calling institutions on recipients' mobile phone screens to combat telephone fraud.
The country's four largest telecom operators and major banks have signed the necessary contracts for this initiative, as announced by the ministry in a statement posted on its website. This agreement represents a coordinated effort between financial institutions and communication service providers to enhance security measures.
Fraud Prevention
Under the arrangement, the name of a bank will appear on a smartphone screen when it makes an incoming call. This feature will help people identify legitimate callers and reduce the risk of fraudsters impersonating employees of financial institutions.
The agreements are an important step toward protecting citizens from telephone scams and strengthening public trust in calls from organizations.
Broader Context
Mandatory labeling of calls from companies and individual entrepreneurs has been in force in Russia since Sept. 1, 2025, as part of broader efforts to protect the public against telephone fraud. This new bank-specific labeling builds upon existing regulations to further enhance consumer protection.
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