RBI Directs Banks To Integrate DoT’s Tool To Curb Cyber Frauds

by · Inc42

SUMMARY

  • The RBI advisory, which was issued on June 30, aims to crack the whip on cyber frauds by leveraging new-age technologies
  • The FRI enables relevant stakeholders to take additional measures for consumer protection to curb financial frauds undertaken by mobile numbers tagged as high risk
  • The National Quantum Mission is establishing a task force to enable banks to adopt the emerging technology for cybersecurity, financial modelling, and data analysis