cyber fraud | DD News

September 8, 2026 5:22 PM

FRI prevents suspected cyber fraud losses of over Rs 5,000 crore in 15 months

The Department of Telecommunications (DoT) has prevented suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) in the 15 months since its launch on May 22, 2025, marking a major expansion in efforts to protect citizens from digital financial fraud. The milestone marks a decisive scaling-up of an initiative that had prevented ₹660 crore of losses in its first six months of operation. It reflects the growing role of telecom intelligence in shi...

August 30, 2026 12:01 PM

Mule accounts become key conduit for cyber fraud; agencies deploy AI tools to curb misuse

Mule bank accounts have emerged as a key conduit for cybercriminals to receive, layer and move money obtained through online fraud, prompting banks, law-enforcement agencies and regulators to strengthen mechanisms to identify and block such accounts. A mule account is a bank account belonging to an individual or entity but used by another person to receive or transfer illegally obtained funds. Such accounts may be opened in the names of unsuspecting individuals or deliberately provided by accou...

May 13, 2026 12:05 PM

I4C, RBIH join hands to use AI against mule accounts and cyber frauds

The Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA) and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating cyber-enabled financial frauds and curbing mule accounts across India’s banking and digital payments ecosystem. The agreement aims to enhance fraud-risk intelligence sharing, analytical support, and operational coordination to improve proactive fraud detection and prevention...

April 9, 2026 6:48 PM

FIU-India, I4C sign landmark MoU to strengthen fight against cyber fraud and financial crimes

In a major step to combat rising cyber fraud and financial crimes, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) on Thursday signed a comprehensive Memorandum of Understanding (MoU) to enhance coordination and intelligence sharing. The agreement was signed by Amit Mohan Govil, Director of FIU-IND, and Rajesh Kumar, Chief Executive Officer of I4C, marking a significant milestone in strengthening collaboration between the two key agencies at ...

November 30, 2025 5:36 PM

Govt Cracks Down on SIM-less App Use to Curb Cyber Fraud: New Rules Issued for App-Based Communication Services

In a major move to strengthen India’s telecom cybersecurity framework, the Central Government has issued fresh directions to app-based communication platforms that use mobile numbers for user identification or delivering services. The order comes after it was found that several such apps allow users to operate their accounts even without having the associated SIM card active in the device, a loophole increasingly exploited from outside India to commit cyber fraud. According to officials, disc...