Overview
- The MHA-led inter-departmental committee agreed in principle that regulated entities should be accountable when victim losses stem from negligence, service deficiency or fraud.
- The Home Affairs panel convened its first meeting on December 29 and will meet fortnightly under the Special Secretary (Internal Security), with the Attorney General participating.
- The RBI told the committee it has advised banks to use AI-based fraud detection and is in advanced stages of finalizing an SOP to freeze suspicious bank accounts.
- The DoT said draft rules under the Telecommunications Act, 2023 are in stakeholder consultation to tighten controls on negligent SIM issuance and multiple connections to a single individual.
- The I4C reported near-final SOPs for freezing, unfreezing, recovery and restitution of funds and upgrades under consideration for the National Cybercrime Reporting Portal and 1930 helpline, as the CBI proposed a monetary threshold for case allocation and the MHA sought a month for further work.