These actions are taken as part of the achievements of the Citizen Financial Cyber Fraud Reporting and Management System launched under I4C in 2021. This system has been helpful in preventing financial loss of more than Rs 3,431 crore by effectively managing more than 9.94 lakh complaints. To prevent digital fraud, 1,700 Skype IDs and 59 thousand WhatsApp accounts were blocked. I4C’s monitoring led to the identification and subsequent blocking of fraudulent accounts on various digital platforms.
More than 1,700 Skype IDs were used by fraudsters for impersonation and scams. At the same time, more than 59 thousand WhatsApp accounts were used for phishing, hiding identity and financial fraud. These steps by the government have reduced the reach of cybercriminals to a great extent, preventing them from causing harm to unsuspecting victims. The Financial Fraud Reporting System was launched in 2021. Citizen Financial Cyber Scam Reporting and Management System played an important role in handling cyber crime complaints.
In terms of financial impact, more than Rs 3,431 crore has been protected from fraud. During this period, more than 9.94 lakh complaints were disposed of effectively. The system provides quick reporting of financial fraud, allowing faster action and prevention before funds are misappropriated.
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