1.4 lakh cellphone numbers connected to financial theft are blocked by the government

1.4 lakh cellphone numbers connected to financial theft are blocked by the government

1.4 lakh cellphone numbers connected to financial theft are blocked by the government

It said that 1.40 lakh mobile phones that were either connected to unreliable mobile connections or used fraudulently or for cybercrimes had been disabled.

It said that since April 2023, more than 500 people have been arrested, 3.08 lakh SIM cards have been blacklisted, 50,000 IMEIs have been blocked, 592 bogus links/APKs have been blocked, and 2,194 URLs have been blocked.

An official announcement states that the government has blacklisted 1.4 lakh mobile phones connected to financial crime so far in an effort to combat digital fraud. In order to discuss a number of topics, including onboarding banks and other financial institutions on the Citizen Financial Cyber Fraud Reporting as well as Management System (CFCFRMS) infrastructure through API integration, Financial Services Secretary Vivek Joshi facilitated a meeting on cyber security in the financial services sector on Friday. Was spoken about.

According to an official statement, the CFCFRMS platform's integration with the National Cyber Crime Reporting Portal (NCRP) would consolidate the platform and enable efficient cooperation between banks, financial institutions, and law enforcement, resulting in real-time reporting. It will be able to monitor and stop fraudulent activity. According to the statement, banks and other financial institutions must gradually stop using standard 10-digit numbers for promotional or commercial purposes, as mandated by TRAI. Instead, they must utilize specialized number series, such as '140xxx,' for such purposes. is necessary.

The meeting reviewed preparation of banks and other financial businesses to deal with the challenges posed by security threats in the financial services sector, the growing trend of digital payments, fraud, and the promptness of each stakeholder involved Report Phrase in this regard. It also took stock of the action items that emerged during the discussion at the previous meeting, held in November. The Department of Telecommunications (DoT) has created the AI-machine learning-based processor ASTR to identify mobile connections made using phony or counterfeit papers, it was said during the talks.

It said that 1.40 lakh mobile phones that were either connected to unreliable mobile connections or used fraudulently or for cybercrimes had been disabled. "DoT analyzed 35 lakh key entities sending bulk SMS," the statement said. Of these, 30,700 SMS headers as well as 1,95,766 SMS templates have been disconnected, and 19,776 key organizations implicated in delivering malicious SMS have been placed on a blacklist. has vanished." It said that since April 2023, more than 500 people have been arrested, 3.08 lakh SIM cards have been blacklisted, 50,000 IMEIs have been blocked, 592 bogus links/APKs have been blocked, as well as 2,194 URLs have been blocked.

The conference, according to the announcement, will also concentrate on creating a standard operating procedure (SOP) to provide constant access to resources for prompt complaint resolution, raise the fraud-to-retention ratio, and reimburse victims of fraudulent accounts for their money. Additionally, there was conversation. According to the report, banks and other financial institutions must run additional customer awareness and sensitization campaigns in local languages about the security of digital payments and the sharing of financial institution data in a standardized format so that law enforcement can easily analyze it (LEAs). Required.

Authority (UIDAI), Indian Cyber Crime Coordination Center (I4C), National Payments Corporation of India (NPCI), Punjab National Bank (PNB), State Bank of India (SBI), Department of Economic Affairs (DEA), Department of Revenue (DOR), Ministry of Home Affairs (MHA), Ministry of electronic devices and information technology (MeitY), DoT, RBI, Telecom Regulatory Authority of India (TRAI), as well as Unique Identification Authority of India (IIDAD) were among the participants in the meeting.