In an effort to review measures to check the cybercrime in the financial sector Union Home Minister Shri Rajnath Singh on Tuesday addressed a meeting of all concerned agencies and representatives of certain states.
The minister raised concerns about the growing number of cyber frauds using cards and e-wallets in particular. The strategies being adopted to check financial cybercrimes were also discussed in detail.
The officers from various agencies attending the meeting made presentations and updated the details of the current trends of financial crime in the country to the Home Minister. They also explained the steps being taken by their agencies to overcome the challenges faced to curb cybercrime.
In order to improve the situation related to growing number of cybercrime in various states, both legal and technological steps need to be taken as agreed upon in this meeting.
There was a need to improve the process of developing and strengthening the skills, instincts, abilities, processes, and resources of various stakeholders like police officers, judicial officers, forensic scientists as well as officials in the banking sector have been identified as a key measure. There was a need increase the pace of implementing various cybercrime prevention initiatives in these agencies and measures were required to acquire critical cyber forensics equipment.
The Home Minister addressing the various concerned agencies stressed the importance of implementing the required measures in a time-bound manner and emphasized on the coordination of all concerned agencies in this regard.
It was unanimously decided to form an inter-ministerial committee 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.