HM reviews measures to check cybercrimes in financial sector

RSTV Bureau

Home Minister Rajnath Singh reviewed the measures being taken to arrest the growing trend of cybercrime in the financial sector on Tuesday.

File Photo of Home Minister Rajnath Singh.

File Photo of Home Minister Rajnath Singh.

He chaired a meeting of all concerned agencies and representatives of certain States to tackle the menace of financial fraud through cyber means and discussed strategies adopted to check financial cybercrimes.

During the meriting Home Minister expressed concern over the disturbing rise in cyber frauds using cards and e-wallets in particular.

Officers from various agencies made presentations and apprised the Home Minister of the current trends of financial cybercrimes in the country and the steps being taken by their agencies to address this challenge.

It has been noted that both legal and technological steps need to be taken to address this situation. Capacity Building of various stakeholders such as police officers, judicial officers, forensic scientists as well as officials in the banking sector has been identified as a key measure.

It has been decided to expedite the implementation of cybercrime prevention initiatives in these agencies towards this end along with measures required to acquire critical cyber forensics equipment.

The Union Home Minister directed agencies to undertake required measures in a time-bound manner and emphasized on the coordination of all concerned agencies in this regard.

It was decided that an inter-ministerial committee may be set up to identify action points and monitor the implementation.

The meeting was attended by Union Home Secretary, Secretary Department of Financial Services, Secretary MeitY, Director Intelligence Bureau, Commissioner of Police Delhi and National Cyber Security Coordinator.