Union Home Minister Amit Shah has said that the Narendra Modi government is working tirelessly towards building a cyber-secure Bharat. However, he emphasized that mule accounts remain a major challenge in curbing cyber crimes. The Indian Cyber Crime Coordination Centre (I4C) today signed an MoU with Reserve Bank Innovation Hub to strengthen collaboration in combating cyber-enabled financial frauds and curtailing mule accounts across the banking and digital payments ecosystem.
The MoU aims to facilitate cooperation in the areas of fraud-risk intelligence sharing, analytical support, and operational coordination for strengthening proactive fraud detection and prevention mechanisms. In a social media post, Mr Shah said, the move will swiftly detect and cull hidden mule accounts by feeding the data from the I4C’s Suspect Registry to the AI-driven fraud detection system. Home Minister said, this will serve the citizens as their next gen shield against cyber crime.
