Swift recovery of stolen money: Banks mull new move for faster freezing of fraudsters’ accounts in case of a cyberattack – Times of India
Banks have suggested integrating their systems with the National Cybercrime Reporting Portal (NCRP), a division of the Ministry of Home Affairs, to enable quicker freezing of fraudsters’ accounts in the event of a cyberattack. The goal is to prevent digital criminals and phishing attackers from rapidly transferring funds from a victim’s bank account to multiple…