Skip to content
TechVibe

TechVibe

  • Home
  • Web3
  • Technology
  • Health
  • Business
  • Sports
    • Cricket
    • Football
  • Press Release
  • Contact Us
  • Toggle search form

Reasons Behind Indian Government Suspending 7 Million Mobile Numbers; Find Out Here

Posted on November 29, 2023 By Haley Bennett

Government Suspends 70 Lakh Mobile Numbers Linked to Financial Fraud in India

During a recent meeting focused on financial cyber security and digital payment fraud, Financial Services Secretary Vivek Joshi made an announcement that the government has suspended 70 lakh mobile numbers linked to cybercrime or financial fraud. In efforts to combat the rising threat, banks have been instructed to reinforce their systems and processes.

Joshi highlighted the success achieved so far, with 70 lakh mobile connections involved in cybercrime or financial fraud being disconnected based on reports from digital intelligence platforms. This proactive measure has resulted in saving approximately Rs 900 crore, benefiting 3.5 lakh victims.

The Financial Services Secretary emphasized the importance of ongoing efforts, with more meetings scheduled to address financial cyber security. The next meeting, slated for January, aims to continue discussions on strengthening the system. Joshi also stressed the need to create awareness about cyber fraud to protect vulnerable customers from falling victim to scams.

During the meeting, various aspects of financial cyber security were discussed, including the recent Aadhaar Enabled Payment System (AEPS) fraud. States have been urged to investigate and ensure data protection in response to these incidents. Additionally, the meeting focused on standardizing KYC processes for merchants.

These actions come as part of the government’s broader effort to address cyber fraud and financial crime in India. With the swift action taken to suspend mobile numbers and the ongoing discussions and future plans for enhancing cyber security, authorities are taking proactive steps to protect citizens from digital payment fraud.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Technology

Post navigation

Previous Post: Prediction, odds, and betting tips for Real Madrid vs. Napoli in the Champions League group match with best bets suggested
Next Post: Prolonged Elevation of Blood Pressure for 24 Hours Linked to Inhaling Traffic-Related Air

Related Posts

Which One Comes Out on Top in Terms of Features and Performance: OnePlus Open or Samsung Galaxy Z Fold 5? Technology
Bengaluru Airport Ranked as the Most Punctual Airport Worldwide; Hyderabad Takes Third Position Technology
Aman Gupta responds to being seen as a potential replacement for Mark Cuban and says, “Whether it’s Shark Tank India East or West, it doesn’t matter.” Technology
Rephrase the title:Vivo T3 5G India Launch Confirmed Officially; Price, Specifications, And Latest Updates Technology
Rephrase the title:Elon Musk Predicts 2024 Would Be Crazier Than Previous Years; The Internet Speculates Why Technology
Rephrase the title:ChatGPT Gets a Voice: Listen to Responses In Multiple Languages With New Read Aloud Feature; How To Use It Technology

Recent Posts

  • Aivora’s Voucher Alpha: The New Trading Rewards System is Here
  • Aivora Launches Unique Application Features: Voucher & VIP Zone
  • How to optimize your trading on Aivora Exchange
  • Aivora Airdrop Guide – The new generation CEX exchange with AI technology
  • Aivora Exchange Overview

Categories

  • Business
  • Cricket
  • Football
  • Health
  • Press Release
  • Technology
  • Web3

About Us

Welcome to TechVibe9, where the rhythm of technology meets innovation! We are a group of tech enthusiasts on a mission to uncover and showcase the latest in the tech world.

Mail Us : support@techvibe9.com

Latest Post

  • Aivora’s Voucher Alpha: The New Trading Rewards System is Here
  • Aivora Launches Unique Application Features: Voucher & VIP Zone
  • How to optimize your trading on Aivora Exchange

Helpful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Copyright © TechVibe9

Powered by PressBook Masonry Dark