Union Home Minister Amit Shah on Thursday launched a national helpline (155260) and reporting platform for preventing financial loss due to cyber fraud. The national helpline and reporting platform provides a mechanism for persons cheated in cyber frauds
to report such cases to prevent loss of their hard earned money. “The facility empowers both the banks and the police, by leveraging new-age technologies for sharing online fraud related information and taking action in almost real time. The loss of defrauded money in online cheating cases can be stopped by chasing the money trail and stopping its further flow before it is taken out of the digital ecosystem by the fraudster,” the MHA said in statement.
Currently, the helpline and its reporting platform has all the major public and private sector banks onboard. The notable ones include – State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Union Bank, IndusInd, HDFC Bank, ICICI Bank, Axis, Yes and Kotak Mahindra Bank. It also has all major wallets and merchants such as PayTM, PhonePe, Mobikwik, Flipkart and Amazon linked to it, said MHA.