The Reserve Bank of India has proposed safeguards, including a universal kill switch, a one-hour transaction delay for amounts over ₹10,000, shadow credits for unverified accounts, and a trusted person mandate, to combat rising digital payment frauds occurring nationwide.
Click to View MoreDigital arrest is a cyber-extortion scam where syndicates use video calls to impersonate law enforcement. Countering this requires I4C-led coordination, AI telecom filters, and international cooperation against Southeast Asian fraud hubs.
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