New Delhi, April 30 (IANS) The Secretary, Department of Financial Services (DFS), on Thursday instructed banks to adopt the MuleHunter.AI tool developed by the Reserve Bank of India at the earliest to timely identify and prevent mule accounts involved in financial cyber frauds. The Secretary chaired a meeting with the Commissioner of Police, Hyderabad, and senior officials from the Indian Cyber Crime Coordination Centre, the Central Bureau of Investigation, the Reserve Bank of India, the Indi…
Latest Operation Octopus News & Updates
Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
Hyderabad, April 21 (IANS) In a move to combat cybercrime, Hyderabad Police Commissioner VC Sajjanar has suggested critical changes to the banking system, stating that such reforms are imperative to dismantle organised syndicates operating across the country. In a detailed letter addressed to Reserve Bank of India Governor Sanjay Malhotra on Tuesday, the Commissioner highlighted how ‘mule accounts’ created in the names of innocent individuals have become the focal point of cyber fraud.These reve…
Raipur/New Delhi, March 31 (IANS) With Union Home Minister Amit Shah declaring that India has effectively achieved a Naxal-free status by meeting the government’s self-imposed deadline of March 31, a significant breakthrough has been marked for the country, which was previously seen as a prolonged conflict that earlier governments found challenging to address.When HM Shah addressed the Lok Sabha on the issue on March 30, the country was face-to-face with a reality. What was once dismissed as a…
Hyderabad, Feb 24 (IANS) In a major crackdown, Hyderabad Police dismantled a pan-India cyber fraud syndicate with the arrest of 104 fraudsters across 16 states.At least 32 special teams carried out ‘Operation Octopus’ over a span of 10 days, Hyderabad Police Commissioner V.C. Sajjanar said on Tuesday.Under the leadership of DCP (Cybercrimes) V. Aravind Babu, the police executed a coordinated operation against cybercrime syndicates operating across the country.The apprehended individuals are …