Chandigarh:
To tackle the challenges related to cybercrime, Haryana Director General of Police Shatrujeet Kapur on Tuesday said that it is necessary that everyone work with full dedication in mission mode. He urged the bank officials to keep an eye on suspicious transactions in bank accounts and take appropriate action if they find any suspicious bank account transactions. He gave necessary directions to all bank officials and fintech companies to follow the new RBI guidelines and specifically keep an eye on fake bank accounts and take appropriate action.
Presiding over a state-level conference with RBI Regional Director Vivek Srivastava, NPCI, and senior officials from around 50 banks and fintech companies across the country, including Google Pay, Paytm, Amazon Pay, and PhonePe, along with Police officials, Kapur said that some banks are doing a good job in controlling cybercrime, but to control it effectively, all stakeholders need to work together so that the defrauded amount can be frozen as soon as possible. He said, “In September 2023, only 7% of the amount of cyber fraud was held by Haryana Police, which increased to 27% in November 2024. We need to increase this percentage rate to 70% through our joint efforts, which can be done after all banks adopt the RBI’s Mulehunter Artificial Intelligence software. Since cyber fraud is done through digital means, it is very important to use the digital platform effectively to stop it.”
He clearly stated that with the passage of time, the cases of cyber fraud have also increased. In 2023, cyber fraud of Rs 602 crore was committed in Haryana, while in 2024 this figure increased to Rs 980 crore. This figure shows that there is an increase in cybercrime cases, which need to be curbed in time. Apart from this, he also appealed to inform the helpline number 1930 immediately in case of cyber fraud.
RBI’s Regional Director Vivek Srivastava explained in detail about the new RBI policy, the system and procedure in case of cyber fraud, and asked all banks to follow its guidelines. Along with this, he also cleared the doubts of the representatives from the banks. During this, Parul, an officer from the RBI, also gave detailed information about the AI-based Mulehunter software developed to identify fake bank accounts involved in cyber fraud. With this system, fake bank accounts can be identified with 90% accuracy. In the conference, Samarjith, a representative of NPCI, also gave information about the technical aspects being taken to control cybercrime through a PowerPoint presentation. During this, the process of searching for an automated response system for money trails on the NCRP portal and points related to stopping the amount defrauded in the banking channel were discussed.
