<ul><li>The government's cyber fraud prevention measures have saved approximately Rs 4,386 crore from being siphoned off in financial frauds.</li><li>Ministry of Home Affairs (MHA) has launched initiatives, including the Indian Cyber Crime Coordination Centre (I4C) and the National Cyber Crime Reporting Portal to enhance cybersecurity in the financial sector.</li><li>Reserve Bank of India (RBI) has introduced an AI-based tool to identify money mules used in fraudulent transactions and issued stringent security guidelines for digital payments.</li><li>National Payments Corporation of India (NPCI) has implemented measures such as device binding, two-factor authentication, and fraud monitoring solution to secure UPI transactions.</li></ul>

Govt saves Rs 4,386 crore from cyber frauds, strengthens security in financial sector

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