Over 100 web sites, which facilitated organised unlawful investments and task-based half time job frauds, have been blocked following a suggestion of the Union Home Ministry.
According to an official assertion, these web sites have been being operated by abroad actors.
The Indian Cybercrime Coordination Centre (I4C), a wing of the Union Home Ministry, by way of its vertical National Cybercrime Threat Analytics Unit (NCTAU) had final week recognized and advisable over 100 web sites concerned in organised funding and task-based half time job frauds be blocked.
Following this, the Ministry of Electronics and Information Technology (MeitY), invoking its energy beneath the Information Technology Act, 2000, has blocked these web sites, the assertion stated.
These web sites, which facilitated task-based organised unlawful funding associated to financial crimes, have been learnt to be operated by abroad actors and have been utilizing digital commercial, chat messengers and mule and rented accounts.
The proceeds from the large-scale financial frauds have been seen to be laundered out of India utilizing card community, cryptocurrency, abroad ATM withdrawals and worldwide Fintech firms, the assertion stated.
The I4C is an initiative of the Home Ministry to cope with cybercrimes in the nation in a coordinated and complete method.
Earlier this yr, MeitY ordered the blocking of 232 apps operated by abroad entities, together with Chinese, for being concerned in betting, playing, and unauthorised mortgage companies.
Fintech corporations LazyPay, IndiaBulls Home Loans, and Kissht have been on the record of blocked web sites. As per the record, MeitY issued orders to dam lazypay.in, which is a subsidiary of Dutch funding agency Prosus.
A Chase India report in May proposed establishing a self-regulatory organisation (SRO) for the digital lending trade.
