Archive · 1 Sep 2025
India's Cyber Fraud Registry Declines 13 Lakh Transactions
Imagine a special list that helps banks spot bad guys trying to steal money online.
The government made this list to stop cybercriminals.
Over 10 months, this system blocked 13 lakh suspicious transactions, saving a lot of money!
This system has details on about 1.4 million cybercriminals.
The system is helping banks check if someone is a potential fraud before giving them money or services.
Banks can now see the flow of money into possibly fraudulent accounts.
Sadly, India still loses a lot of money each month to these online scams.
The government is also returning some of the stolen money to victims.
The suspect registry declined 13 lakh fraudulent transactions.
Rs 5,111.80 crore was saved by preventing fraudulent transactions.
The registry contains data on 1.4 million cybercriminals.
61 banks/financial institutions are using the system.
Over Rs 1,000 crore is lost monthly to cyber fraud.
- Who
- The Centre and Indian Cyber Crime Coordination Centre (I4C)
- What
- Launched a suspect registry system to combat cyber fraud.
- When
- Launched September 10 last year; Data from September 2024 to August 1 this year.
- Where
- India
- Why
- To help banks and financial institutions verify customer credentials and monitor transactions to prevent fraud.
- Saved Amount
- Rs 5,111.80 crore
- Transactions Declined
- 13 lakh
- Accounts Frozen
- 3,54,884
- Unique Accounts Identified
- 11,10,566
- Banks/Institutions Onboard
- 61
- Cybercriminal Data
- 1.4 million
- Monthly Losses (approx.)
- Over Rs 1,000 crore