Jitin Prasada Reports Rs 2,400 Crore Saved from Cyber Fraudsters in Parliament

The ‘Citizen Financial Cyber Fraud Reporting and Management System’ has been instrumental in saving at least Rs 2,400 crore from cyber fraudsters, announced Jitin Prasada, Minister of State for Electronics and Information Technology, during a parliamentary session. This system, part of the Indian Cybercrime Coordination Centre (I4C), enables immediate reporting and handling of financial cyber frauds through a dedicated helpline (1930) and an online portal.

Since its inception, the initiative has effectively handled over 7.6 lakh complaints, showcasing a robust response mechanism to financial cyber frauds. The system integrates law enforcement agencies, banks, financial intermediaries, and payment wallets to ensure quick and decisive actions against fraudulent activities. This coordinated approach has led to the interception and saving of significant amounts of money that would otherwise have been lost to cybercriminals.

I4C Now an Attached Office of MHA: More Responsive and More Powers

Government Measures and Initiatives
The Ministry of Electronics and Information Technology (MeitY) has implemented several measures to combat cyber fraud. These include:

– Citizen Financial Cyber Fraud Reporting System: Facilitates the reporting and management of financial frauds.
– Indian Cyber Crime Coordination Centre (14C): Provides a comprehensive framework for addressing cyber crimes.
– National Cyber Crime Reporting Portal: Allows public reporting of all types of cyber crimes, with special focus on cyber crimes against women and children.
– Cyber Safety Campaigns: Conducted through social media, radio, and collaboration with MyGov to raise awareness.
– CERT-In: Issues alerts and advisories regarding the latest cyber threats and vulnerabilities.

Enhancing Cybersecurity Awareness
The government has also been proactive in raising cybersecurity awareness and building capacity among organizations and users for safe digital practices. Initiatives include:

– Cyber Safety Campaigns: Targeting adolescents and students with handbooks and awareness weeks.
– Cybersecurity Training and Workshops: Extensive training programs for officials in both government and private sectors, covering thousands of participants annually.
– Collaboration with RBI: Joint campaigns with the Reserve Bank of India to educate the public on financial fraud prevention.

These measures are part of a broader strategy to enhance the country’s cybersecurity infrastructure and protect citizens from the growing menace of cyber frauds.

Follow The420.in on

Twitter (X), LinkedIn, and YouTube