Department of Telecom (DoT) has developed ASTR, an AI-machine studying-primarily based engine, to detect cellular connections taken on faux/ solid paperwork. (Representative picture)
About 1.40 lakh cellular handsets both linked to disconnected cellular connections or misused in cyber-crime or monetary frauds have been blocked
To management digital frauds, the federal government has blocked 1.4 lakh cellular numbers thus far that have been concerned in monetary frauds, based on an official launch.
Financial Services Secretary Vivek Joshi on Friday chaired a gathering on cyber safety within the monetary providers sector through which numerous points together with onboarding of banks and monetary establishments on the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) platform via API integration have been mentioned.
Also Read: High Returns Scam! Cryptocurrency Trading Fraud In Navi Mumbai, Businessman Loses Rs 60 Lakh
Integration of CFCFRMS platform with the National Cybercrime Reporting Portal (NCRP) to centralise the platform that may allow efficient collaboration between Police, Banks, and Financial Institutions, permitting for actual-time monitoring and prevention of fraudulent actions was deliberated, an official launch mentioned.
The banks and monetary establishments are required to part out the usage of common 10-digit numbers and use particular quantity collection akin to ‘140xxx’ for business or promotional actions as prescribed by TRAI, the assertion mentioned.
The assembly took inventory of the motion factors which emerged throughout the dialogue within the final assembly held in November and reviewed the preparedness of the banks and different monetary establishments in tackling the challenges arising from cyber safety within the monetary providers sector, rising pattern of digital fee frauds, and readiness of all of the involved stakeholders on this regard.
During the deliberation, it was famous that the Department of Telecom (DoT) has developed ASTR, an AI-machine studying-primarily based engine, to detect cellular connections taken on faux/ solid paperwork.
About 1.40 lakh cellular handsets both linked to disconnected cellular connections or misused in cyber-crime or monetary frauds have been blocked, it mentioned.
“DoT analysed 35 lakh Principal Entities sending bulk SMSs. Out of these, 19,776 Principal Entities involved in sending malicious SMSs blacklisted and 30,700 SMS Headers and 1,95,766 SMS templates have been disconnected,” it mentioned.
Till date, greater than 500 arrests have been made round 3.08 lakh SIMS blocked, round 50,000 IMEI blocked, and 592 faux hyperlinks/ APK and a pair of,194 URLs blocked since April 2023, it mentioned.
The assembly additionally mentioned making certain spherical-the-clock availability of assets to promptly tackle complaints will enhance the fraud-to-maintain ratio and formulating an motion plan/ SoPs for returning of funds to the sufferer from fraudulent accounts, it mentioned.
Banks and monetary establishments are required to conduct extra buyer consciousness and sensitisation programmes in regional languages on the safety of digital funds and sharing of data by Financial Institutions in a standardised format for ease of study by Law Enforcement Agencies (LEAs), it mentioned.
Besides officers of Department of Economic Affairs (DEA), Department of Revenue (DoR), Ministry of Home Affairs (MHA), Ministry of Electronics & Information Technology (MeitY), DoT, RBI, Telecom Regulatory Authority of India (TRAI), Unique Identification Authority of India (UIDAI), Indian Cyber Crime Co-ordination Center (I4C), National Payments Corporation of India (NPCI), Punjab National Bank (PNB) and State Bank of India (SBI) attended the assembly.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
