NEW DELHI: Over two weeks of its’soft’ launch on April 1, 2021, the nationwide helpline 155260 and reporting platform for cyber fraud made by the home ministry Indian Cyber Crime Coordination Centre (I4C) has helped rescue Rs 1.85 crore value of defrauded cash from hitting the fraudsters, the home ministry said Thursday.
Obviously, Rs 58 lakh had been stored in Delhi and Rs 53 lakh at Rajasthan.
The National Helpline and its own reporting mechanism — that empowers individuals cheated from cyber scams to report these instances and protect against loss of the hard earned cash — was operationalised by I4C together with the continuing support and collaboration with RBI, all significant banks, charge banks, and wallets and internet retailers.
The Citizen Financial Cyber Fraud Reporting and Management System was created in house by I4C to incorporate law enforcement agencies with both banks and financial intermediaries.
The house ministry on Thursday reported the coverage mechanism is now being used, together with 155260 helpline, by seven states and Union territories — Chhattisgarh, Delhi, Madhya Pradesh, Rajasthan, Telangana, Uttarakhand and Uttar Pradesh — also covers over 35 percent of the nation’s inhabitants.
“Roll-out from the other countries.
.
.is underway to stop the circulation of money siphoned away by fraudsters,” noticed that a statement set out from MHA.
The facility enables both banks and the authorities by leveraging high-tech technology for sharing on line fraud-related info and shooting action in virtually real time.
The reduction of Earning money in online cheating cases could be ceased by pursuing the cash path and stopping its additional leak, therefore preventing the fraudster away from carrying it from their digital ecosystem.
Attorney of cyber fraud just have to call about the helpline, that can be manned and run by the concerned State authorities.
The authorities operator notes the fraud trade information and fundamental private information of the caller and trapping them in the kind of a ticket to the Citizen Financial Cyber Frauds Reporting and Management System.
The ticket becomes escalated into the concerned banks, pockets, retailers and so forth.
An SMS is sent to the sufferer using the acknowledgement number, by which complete particulars of this fraud could be filed to the National Cybercrime Reporting Portal.
The concerned lender, which could now find the ticket onto its own dashboard to the coverage portalsite, checks the facts in its own internal systems.
In case the defrauded money remains accessible, the lender sets it on hold, disabling the fraudster from yanking it.
In case the defrauded money has transferred out to a different lender, the ticket becomes escalated to another lender.
This method goes on till the cash is stored from hitting the hands of the fraudsters.
At present, the helpline and its own reporting platform contains all of the significant private and public industry banks on board, such as SBI, PNB, Bank of Baroda, Bank of India, HDFC Bank, ICICI Bank, etc..
In addition, it has all significant pockets and retailers like PayTM, PhonePe, Mobikwik, Flipkart along with Amazon incorporated with that.