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.
Cyber Crime Coordination sign MoU with RBI to curtail mule accounts
