Centre Holds High Level Meet To Check Cyber Crimes In Financial Sector

Image Credit: orissadiary.com

New Delhi: Amid growing online attack on the banking network, the Central Government today held a high level meeting with all the stakeholders to discuss threadbare the strategies being adopted to check financial cyber crimes.
The meeting was chaired by Rajnath Singh, where all concerned agencies and representatives of certain States reviewed the measures being taken to arrest the growing trend of cyber crime in the financial sector.

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

Officers from various agencies made presentations and appraised 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. 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 Home Minister directed all concerned agencies to undertake required measures in a time bound manner and emphasized on coordination of all concerned agencies in this regard. It was decided that an inter-ministerial committee may be set up to identify action points and monitor the implementation.

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

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