India, May 12 -- The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen efforts aimed at detecting mule accounts and preventing cyber-enabled financial frauds across the banking and digital payments ecosystem.
The agreement focuses on enhancing cooperation in fraud-risk intelligence sharing, analytical support and operational coordination to strengthen proactive fraud detection and prevention mechanisms.
Union Home Minister Amit Shah said the government is continuously working towards building a cyber-secure India and highlighted the growing challenge posed by mule accounts in financial cyber crimes.
In a post on X, Shah said the collaborat...