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Context: Government Urges Financial Institutions to register with the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) platform, developed by the Indian Cyber Crime Coordination Centre (I4C).
Unregistered FIs Urged to Prioritize Registration with Cyber Fraud Prevention System
Registration Status: Currently, out of 800 FIs, only 259 have registered with I4C. The remaining institutions are requested to expedite the registration process.
About the Indian Cyber Crime Coordination Centre (I4C):
About Financial Institution (FI)
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Objectives of I4C:
Citizen Financial Cyber Frauds Reporting and Management System has been developed for quick reporting of financial cyber frauds and monetary losses suffered due to the use of digital banking/credit/debit cards, payment intermediaries, UPI, etc. |
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It has seven components:
Also Read: Cyber Security And Rising Incidence Of Cyber Crime
News Source: Business Standard
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