28.01.2025 18:42
Recently, due to the increase in fraud incidents through digital banking applications, the Banking Regulation and Supervision Agency (BDDK) has taken action. According to the new application, a double verification system will be implemented for money transfers in EFT and remittance transactions using IBAN.
In recent years, the increase in fraud cases related to money transfers through mobile applications without citizens' information and consent has prompted the Banking Regulation and Supervision Agency (BDDK) to take action. BDDK will implement a new security measure for money transfers made via IBAN through internet banking or mobile applications.
THE "DOUBLE VERIFICATION" PERIOD IN MONEY TRANSFERS
Accordingly, a double verification system will be introduced for money transfers via IBAN. A message requesting approval from the bank will no longer be sufficient for money transfers.
HERE ARE THE NEW MEASURES TO BE TAKEN AGAINST FRAUD
The measures to be taken against fraud and theft conducted via the internet or phone are as follows:
- The institutional capacity of public prosecutors regarding cybercrime and fraud will be developed. Investigation guidelines will be prepared according to types of crimes, and these guidelines will be kept up to date.
- To prevent crimes, identity verification will be mandatory for phone subscriptions. Subscription records will be updated, and lines that do not have updated records will be shut down.
- A technical infrastructure will be established to immediately cancel the subscriptions of those attempting to commit fraud over the phone.
- New regulations will be made to protect parties in online sales.
- Regulations will be made to address issues arising from confiscation and forfeiture in criminal proceedings, especially regarding fraud and theft crimes committed using banking and information systems. For example, in cases of fraud using a bank's name, measures will be taken to quickly block the other account where the stolen money from the citizen was deposited.
- In transactions such as EFT and money transfers made through mobile applications, verification messages will be made more secure. For instance, if a message requesting approval from the bank is received during a money transfer, a second verification system will also be used.
- Measures will be taken to increase the responsibilities of banks and electronic money institutions to prevent crimes committed by using banking or credit institutions as tools and to ensure deterrence.