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December 10, 2024 4:07 PM

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Suspect registry of identifiers of Cyber Criminals launched in collaboration with banks and financial institutions: Centre

The Centre informed that a suspect registry of identifiers of Cyber Criminals has been launched in collaboration with banks and financial institutions under Citizen Financial Cyber Fraud Reporting and Management System (I4C). In a written reply to a question in Lok Sabha on Tuesday, Minister of State for Home Affairs Nityanand Rai said the initiative has saved money of more than 1400 crore rupees by declining more than 5.6 lakh fraudulent transactions. The Union Minister said several measures have been taken to mitigate rampant cyber frauds and complaints taking into consideration major hotspots of cyber crime. He added that Seven Joint Cyber Coordination Teams (JCCTs) have been constituted for Mewat, Jamtara, Ahmedabad, Hyderabad, Chandigarh, Visakhapatnam and Guwahati under I4C covering the whole country based upon cyber crime hotspots and areas having multi jurisdictional issues. The Minister said under these JCCT state governments and union territories have been brought onboard to enhance the coordination framework among different provincial Law Enforcement Agencies.