Revolutionizing Banking Security: India's Cyber Crime Registry in Action

In 2024, India launched a cyber crime suspect registry that helped thwart transactions worth over Rs 8,000 crore. It identified over 18 lakh suspect individuals and flagged nearly 25 lakh mule accounts. Various strategic initiatives, including Pratibimb, have aided in curbing cyber crimes significantly.

In a groundbreaking move, India's cyber crime suspect registry launched in 2024 has effectively helped banks and financial institutions decline transactions with a combined value exceeding Rs 8,000 crore. The registry identified over 18 lakh individuals suspected of cyber crime activities, and highlighted nearly 25 lakh mule accounts, as reported in Parliament.

State Minister for Home Affairs Bandi Sanjay Kumar outlined these developments while detailing the government's comprehensive strategy against cyber crime. The suspect registry, developed in collaboration with the Indian Cyber Crime Coordination Centre (I4C) and financial institutions, became operational on September 10, 2024.

The implementation of 'Pratibimb,' a crime-mapping tool, further aided the authorities in arresting over 16,800 culprits. Additional measures like the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) and the establishment of national cyber forensic labs have resulted in saving over Rs 7,130 crore and advancing investigative capabilities through enhanced forensic support and specialized cyber training programs.