Archive · 6 Jan 2026
Banks Enhance Digital Security with Customer Control Features
Banks in India are making it easier for customers to protect themselves from online fraud.
Axis Bank has added a new feature called 'Safety Centre' in their mobile app.
This feature lets customers control their banking activities in real time, like stopping fund transfers or blocking online shopping.
It also checks if messages from the bank are real.
The bank is doing this because many people in India are losing money to fraud.
The government is also helping by blocking fake SIM cards and spending more money on cybersecurity.
This way, customers can act quickly if they see something suspicious.
Axis Bank introduces 'Safety Centre' in its mobile app to enhance digital security.
The feature allows customers to manage key banking functions in real time, such as disabling internet banking, stopping fund transfers, and setting transaction limits.
SMS Shield verifies the authenticity of messages by checking the sender ID against the bank's official records.
Changes made through the Safety Centre take effect instantly, reducing the risk of unauthorized transactions.
Government data shows a significant rise in cybercrime, with losses of ₹19,812.96 crore in 2025 alone.
- Who
- Axis Bank, Indian Cyber Crime Coordination Centre, Union Ministry of Home Affairs
- What
- Introduction of 'Safety Centre' feature in Axis Bank's mobile app to enhance digital security
- When
- Recent (specific date not mentioned)
- Where
- India
- Why
- To combat rising digital fraud and give customers more control over their online transactions
- Total Fraud Losses (Past 6 Years)
- ₹52,976 crore
- SIM Cards Blocked
- 9.42 lakh
- IMEIs Blocked
- 2,63,348
- Cyber Incidents (2022)
- 10.29 lakh
- Cyber Incidents (2024)
- 22.68 lakh
- Losses in 2025
- ₹19,812.96 crore
- Complaints in 2025
- 21.7 lakh
- Cybersecurity Budget (2025-26)
- ₹782 crore