IIT Delhi to tackle phone frauds

IIT Delhi has been entrusted with the task of identification of perpetrators of phone frauds in order to prevent duplication across e-wallets.

IIT Delhi will use Big Data analysis for identification of phone frauds. Not only Big Data, for the sake of traceability, the banks are providing SMS/e-mail alerts to customers from banks or e-wallet companies, as part of customer alert mechanism to include names of beneficiaries of any financial transaction wherever necessary.

Organisations are also publishing online statistics depicting the specific incidents, frauds against e-wallet companies and banks along with details including investigation to enable customers to make an informed choice before subscribing to e-wallet services.

Jharkhand Police has also crackdown on the perpetrators of phone frauds which has resulted in considerable fall in instances of these crimes.

In pursuance of the decisions taken in the meeting by union home minister on September 19, 2017, an Inter Ministerial Committee on Phone Frauds (IMCPF) has been constituted in the Ministry of Home Affairs on September 28, 2017.

The Committee under the chairmanship of additional secretary MHA and members from other stakeholder organisations namely Ministry of Electronics & Information Technology (MeitY), Department of Financial Services, Department of Telecommunication, Reserve Bank of India and law enforcement agencies held its first meeting on October 24, 2017 and discussed various nature of phone frauds taking place in India and the steps to be taken by the various stakeholder organisations in order to curb such instances.

 

Share and Enjoy !

0Shares
0 0

Be the first to comment

Leave a Reply