Government to use AI to crack down on Cyber fraud

The government is planning to use Artificial Intelligence (AI) identify ‘mule’ accounts, where cyber fraudsters park swindled funds, Union Home Minister Amit Shah has said.

Chairing a meeting of the Parliamentary Consultative Committee for the Ministry of Home Affairs on the topic of ‘Cyber Security and Cyber Crime’ on Monday, Shah also said that for national security reasons, 805 apps and 3,266 website links have been blocked based on the recommendations of the Indian Cybercrime Coordination Centre (I4C), the government’s cybercrime monitoring and detection wing.

Additionally, he said, 399 banks and financial intermediaries have come on board, over six lakh suspicious data points have been shared, more than 19 lakh mule accounts have been caught, and suspicious transactions worth ` 2,038 Crore have been prevented.