New Delhi, May 9 -- On 9 April 2026, the Reserve Bank of India released a discussion paper titled 'Exploring safeguards in digital payments to curb frauds'. The paper has been released to address the growing threat of digital fraud. Here, we will explore the measures the RBI has suggested to check digital fraud and how they will protect bank customers.

According to data from the National Cybercrime Reporting Portal (NCRP), the menace of fraud related to digital payments has increased exponentially over the last 5 years. Here is a brief look at the numbers.

The above data shows how, in just the last five years, the number of frauds related to digital payments has increased more than 10-fold from 2.6 lakh (2021) to 28 lakh (2025). During ...