4 weeks ago
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Strengthening coordination betwixt banks and instrumentality enforcement agencies successful cybercrime-related cases, peculiarly those involving mule accounts, integer frauds, frost and defreeze procedures, and refund-related issues, was the cardinal absorption of the coordination gathering with bankers crossed the Cyberabad commissionerate connected Friday, May 8.
The gathering brought unneurotic representatives from respective nationalist and backstage assemblage banks on with elder constabulary officials.
Addressing the gathering, Cyberabad Police Commissioner M. Ramesh said cybercrime has emerged arsenic 1 of the astir superior threats facing society, with victims losing ample sums of wealth done fake concern schemes, online scams, cryptocurrency frauds, pre-launch offers and fraudulent telephone centre operations.
He said cyber fraud losses successful Cyberabad stood astatine ₹438 crore successful 2025, portion cases reported truthful acold successful 2026 had already resulted successful losses of astir ₹104 crore.
During the meeting, DCP Cyber Crimes T. Sai Manohar highlighted delays faced during investigations successful obtaining relationship statements, KYC documents, frost confirmations and different banking records indispensable for punctual action.
Telangana Cyber information Bureau SP Sai Sri spoke connected the National Crime Records Bureau cybercrime information and called for dedicated Cybercrime Response Desks successful each bank, on with updated nodal serviceman details and backup unit for uninterrupted connection with police.
Banks were further advised to bid branch-level unit connected cybercrime procedures and supply narration manager details for firm accounts to assistance velocity up investigations and coordination.
Police officials said amended practice betwixt banks and instrumentality enforcement agencies would assistance trim delays successful investigations, amended betterment efforts and fortify lawsuit extortion measures.
Representatives from HDFC Bank, Bank of Baroda, Axis Bank, State Bank of India, ICICI Bank, Bank of India, Telangana Grameena Bank, HDB Financial Services and Kotak Mahindra Bank attended the gathering on with elder Cyberabad constabulary officers.
