Rajnath Singh reviews measures to check cybercrime in financial sector

Union Home Minister Rajnath Singh on Tuesday chaired a meeting of all concerned agencies and representatives of certain states to review the measures being taken to arrest the growing trend of cybercrime in the financial sector.

He also expressed concern over the disturbing rise in cyber frauds using cards and e-wallets in particular.

The strategies being adopted to check financial cybercrimes were discussed in detail.

The 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.

The 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 all concerned agencies to undertake required measures in a time-bound manner and emphasised on the coordination of all concerned agencies in this regard.

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

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