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The Reserve Bank of India (RBI) has issued directives to all regulated payment companies to closely monitor high-value and suspicious transactions during the upcoming general elections. This move aims to prevent potential misuse of electronic fund transfer mechanisms. The RBI has specifically asked payment system operators (PSOs) to be vigilant in tracking these transactions to ensure the integrity of the financial system during this critical period.
🚨⚠ India’s home ministry, SBI Cards and telecom operators have partnered to develop an innovative solution for alerting about stolen #OTPs as part of a broader effort to combat the growing threat of cyber #fraud and phishing attacks on the banking ecosystem. 🧵
Indian Government Issues Warnings Against Financial Scams Via These Fake Apps https://t.co/lvUbQtpih1
🚨💸 RBI has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections. RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms 🧵
