Why in the News?
In just three months since its launch, the Central Suspect Registry (CSR) has successfully declined over 6 lakh fraudulent transactions, saving ₹1,800 crore, according to the Ministry of Home Affairs (MHA).
About the Central Suspect Registry (CSR)
- The CSR aims to strengthen fraud risk management by maintaining a comprehensive registry of cybercrime suspects.
- It contains data on 1.4 million cybercriminals linked to financial fraud and other cybercrimes.
- The registry was created by the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs.
- The registry is accessible to states, Union Territories, central investigation agencies, intelligence agencies, and financial institutions.
- Developed with inputs from banks and financial institutions, the CSR serves as a central database consolidating cybercrime-related data.
Significance of the CSR:
- Integration with NCRP: Uses data from the National Cybercrime Reporting Portal to identify potential cybercriminals.
- Fraud Detection and Prevention: Helps financial institutions and law enforcement agencies identify and block fraudulent activities.
- Support from Financial Entities: The RBI has directed all banks to integrate the registry into their systems for fraud prevention.
- Impact:
- Over 6.10 lakh fraudulent transactions blocked, saving ₹1,800 crore as of December 1, 2024.
- 8.67 lakh mule accounts frozen by banks and financial intermediaries.
- 7 lakh SIM cards and 1.4 lakh mobile devices blocked.
- Financial fraud transactions amounting to ₹3,850 crore saved since 2021 through the Citizen Financial Cyber Frauds Reporting and Management System.
- 1,03,151 suspicious online content items blocked under the powers conferred by the Information Technology Act, 2000.
PYQ:
[2020] In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits?
- Cost of restoration of the computer system in case of malware disrupting access to one’s computer
- Cost of a new computer if some miscreant wilfully damages it, if proved so
- Cost of hiring a specialised consultant to minimise the loss in case of cyber extortion
- Cost of defence in the Court of Law if any third party files a suit
Select the correct answer using the code given below:
(a) 1, 2 and 4 only
(b) 1, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4 |