Govt-Backed Cybercrime Registry Blocks ₹8,031 Cr in Stolen Funds, IDs 18 Lakh Suspects
Image Source: Internet
{ "title": "Govt-Backed Cybercrime Registry Blocks ₹8,031 Cr in Stolen Funds, IDs 18 Lakh Suspects", "article": "A groundbreaking registry launched in 2024 by the Indian government's I4C initiative has made significant strides in combating cybercrime. The registry, which involves collaboration with banks and financial institutions, has led to the blocking of transactions worth over ₹8,031 crore suspected to be involved in cyber crimes. Furthermore, it has identified over 18 lakh doubtful persons and flagged 24.67 lakh mule accounts, which are often used to launder funds from financial crimes, including cyber offenses. According to Minister of State for Home Affairs Bandi Sanjay Kumar, the suspect registry of identifiers of cyber criminals has been a crucial tool in preventing cybercrime. The registry has received over 18.43 lakh suspect identifier data from banks and has shared this information with participating entities, resulting in the decline of transactions worth ₹8,031.56 crore. In addition to the registry, the government has also established a platform called 'Pratibimb', which has helped in the arrest of 16,840 accused individuals. This crime-mapping module tracks the locations and digital infrastructure used by offenders, providing valuable insights for investigators. The government has also prioritized capacity building through the CyTrain online training platform, which has issued 1.19 lakh certificates to police and judicial officers. Moreover, the Cyber Commando Programme has provided specialized training to 281 commandos at premier institutions. The government's efforts to curb cybercrime have been further enhanced by the establishment of national cyber forensic laboratories in Delhi and Assam. The Delhi lab alone has supported probes in 12,952 cybercrime cases, providing critical early-stage forensic support to investigators across states and union territories. A 'Citizen Financial Cyber Fraud Reporting and Management System' was also set up under the I4C in 2021 to facilitate immediate reporting of financial frauds and prevent siphoning off funds by fraudsters. As a result, financial amounts of over ₹7,130 crore have been saved in more than 23.02 lakh complaints."
