Govt blocks about 1.4L mobile handsets linked to financial frauds

New Delhi: The government said that it blocked about 1.4 lakh mobile numbers so far that were involved in cyber-crime or financial frauds.

Financial Services Secretary Vivek Joshi chaired a meeting on cyber security in the financial services sector, in which various topics were covered, including integrating banks and financial institutions into the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) platform through API integration.

“About 1.40 lakh mobile handsets either linked to the disconnected mobile connections or misused in cyber-crime /financial frauds have been blocked,” according to an official release.

“DoT (Department of Telecom) analysed 35 lakh Principal Entities sending bulk SMSs. Out of these, 19,776 Principal Entities involved in sending malicious SMSs blacklisted and 30,700 SMS Headers and 1,95,766 SMS templates have been disconnected,” it added.

The meeting took stock of the action points which emerged during the discussion in the last meeting held in November last year and reviewed the preparedness of the banks and other financial institutions in tackling the challenges arising from cyber security in the financial services sector, increasing trend of digital payment frauds, and readiness of all the concerned stakeholders in this regard.

During the discussion, it was noted that DoT has developed ASTR, an AI-machine learning-based engine, to detect mobile connections taken on fake/ forged documents.

One of the issues discussed in the meeting includes — banks and financial institutions are required to phase out the use of regular 10-digit numbers and use specific number series such as ‘140xxx’ for commercial/ promotional activities as prescribed by TRAI.

IANS

Indus Appstore launch: Startup leaders vouch for fairer, sustainable future for App Stores

Bengaluru: At the launch of PhonePe's Indus Appstore, a compelling panel discussion delved into the critical issue of sustainable business models for app stores, the company said on Monday. The...

Dubai-based  Entrepreneur from Aligarh establishes the first Centre of Skill Development Academy in India

ALIGARH : More than three decades back a young lad from a non descript village near Harduagunj in Aligarh district who had just graduated from the Aligarh Muslim university left...

OpenAI lawsuit: Elon Musk, investor Vinod Khosla trade barbs on X

New Delhi: Tesla and SpaceX CEO Elon Musk and venture capitalist Vinod Khosla on Sunday got engaged in a public spat on X as the billionaire sued OpenAI and its...

Must take permission before launching AI models, safeguard electoral process: Centre to Big Tech

New Delhi: The Centre on Saturday came down hard on big internet and social media platforms on the misuse of AI, saying all intermediaries must not permit any bias or...

India will be fabricating 300 crore semiconductor chips in a year: IT Minister

New Delhi: The country will not only meet its demand for semiconductors by 2029 but also start exporting them, while fabricating “300 crore semiconductor chips in a year”, Union Electronics...

Musk sues OpenAI, its CEO Sam Altman over agreement breach around AI

San Francisco: Tesla and SpaceX CEO Elon Musk has sued OpenAI and its CEO Sam Altman, alleging they breached their original contractual agreements around AI. The lawsuit, filed in a...

India’s emergence as global chip manufacturing hub no distant dream: Industry

New Delhi: Top industry bodies on Friday hailed the government’s decision to clear three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore, saying that the emergence of the...

Meta removes Facebook News, to stop paying news publishers

New Delhi: Meta has announced not to enter into new commercial deals for traditional news content in Australia, France and Germany, and will not offer new Facebook products specifically for...

Google begins to enforce Play Store policies in India, to remove non-compliant apps

New Delhi: Google on Friday said that after giving developers in India more than three years to prepare, including three weeks after the Supreme Court’s order, it is taking necessary...

Indian innovation key to solving health, agriculture, climate issues: Bill Gates

New Delhi: Indian innovations across the spectrum are fantastic and are the key to solving problems in the field of health, agriculture, gender and climate, Microsoft Co-founder and philanthropist, Bill...

Indian-origin Sridhar Ramaswamy named CEO of data cloud firm Snowflake

New York: Indian-origin Sridhar Ramaswamy has been named as the Chief Executive Officer and member of the Board of Directors of US-based data cloud company Snowflake. Ramaswamy, who previously held...

Meta Founder Zuckerberg meets LG CEO to discuss AR strategy

Seoul: Meta Founder and CEO Mark Zuckerberg met with LG Electronics CEO Cho Joo-wan on Wednesday to discuss ways to enhance corporate collaborations in the extended reality (XR) and augmented...

Read Previous

FPI equity selling in 2024 at Rs 28,818 crores

Read Next

Mithun Chakraborty hospitalised in Kolkata

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com