TECH NEWS : The Cyber Fraud Mitigation Centre, an initiative under the Narendra Modi-led government, aims to bring stakeholders together for seamless cooperation
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day
India Business News: Banks are considering a proposal to integrate their systems with the National Cybercrime Reporting Portal (NCRP) to prevent swift fund transfers by cy