Key Points
These measures include blocking the unique mobile device identifier (IMEI) and imposing limits on withdrawals from suspicious accounts to prevent their misuse in future incidents, a TOI report stated...
Following a meeting with representatives from the Reserve Bank of India (RBI), Telecom Regulatory Authority of India (TRAI), National Payments Corporation of India, and the Ministry of Information Technology, Vivek Joshi, the Secretary of Financial Services, highlighted the need to address "inert" and "mule" bank accounts..
To combat Aadhaar-enabled payment system (AePS) related frauds, Joshi emphasized the need for state governments to safeguard citizens' Aadhaar data and prevent its misuse..
Joshi highlighted the importance of a standardized format for the exchange of information between the Indian Cyber Crime Co-ordination Center (I4C) and various banks..
During the meeting, the I4C presented recent statistics on digital payment frauds reported in the National Cyber Crime Reporting Portal (NCRP), outlining the challenges faced in tackling such matters..
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