Should Banks Unfreeze Accounts Linked to Cyber Crimes After Police Verification?
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Synopsis
In an effort to combat cyber crime, the Maharashtra CM has launched a Cyber Security Project allowing banks to unfreeze accounts linked to fraud post police verification. This initiative aims to protect citizens and ensure swift recovery of lost funds.
Key Takeaways
- The Maharashtra Cyber Security Project aims to combat cyber crimes effectively.
- Banks are required to assist victims by unfreezing accounts after police verification.
- Public awareness is being prioritized to help prevent cyber fraud.
- Artificial intelligence will play a crucial role in addressing fraud cases.
- 5,000 police officers will be trained in cybersecurity over the next five years.
Mumbai, July 10 (NationPress) - Chief Minister Devendra Fadnavis announced on Thursday the initiation of the Maharashtra Cyber Security Project aimed at tackling the rising issue of cyber crimes.
Under this initiative, a centre of excellence has been established, facilitating the swift return of funds to citizens who have fallen victim to cyber fraud.
To expedite the release of funds from bank accounts that have been frozen due to cyber-related fraud, banks are advised to unfreeze these accounts post submission of police certificates, ensuring victims can retrieve their stolen money, he stated.
This statement was made in response to a calling attention motion by Siddharth Shirole regarding the escalating incidents of cyber crimes.
Fadnavis emphasized that according to a circular from the Reserve Bank, banks can no longer ignore issues related to cyber crimes and are mandated to reimburse victims of bank fraud. He urged citizens to report any suspicious cyber activities immediately, with helpline numbers 1945 and 1930 made available for assistance.
“If a complaint is lodged, measures can be taken to halt the fraudulent transaction instantly. A robust public awareness campaign is underway to combat cyber fraud. The central government will be approached to amend existing laws, enhance their effectiveness, and establish agreements with foreign nations to recover funds lost in international cyber crimes,” he added.
Minister of State for Home Affairs, Yogesh Kadam, noted, "In instances of fraud involving a VPN network, tracing a VPN within India is feasible, but identifying foreign VPNs poses challenges. Plans are underway to establish five cyber police stations in Pune city, with a favorable decision anticipated."
Kadam further informed that Maharashtra’s cybersecurity initiative incorporates artificial intelligence. This technology enables the freezing of accounts and halting of fraudulent transactions within two to two and a half minutes. Additionally, 5,000 police personnel are set to be trained in cyber-related issues over the next five years.
Meanwhile, School Education Minister Dadaji Bhuse announced in the state assembly that a Special Investigation Team (SIT) will be established to probe irregularities concerning the Shalarth ID case. Member Sanjay Upadhyay had raised this issue, prompting Minister Bhuse to disclose that the SIT will consist of IAS, IPS officers, and education experts for a thorough investigation. He also mentioned that the implicated Deputy Director of Education is facing suspension.
Point of View
It's essential to recognize the proactive steps being taken by Maharashtra's government in addressing the alarming rise in cyber crimes. The establishment of the Cyber Security Project and the directive for banks to cooperate with law enforcement underscores a commitment to protect citizens. However, continuous vigilance and public awareness remain crucial in the battle against cyber fraud.
NationPress
20/07/2025
Frequently Asked Questions
What is the Maharashtra Cyber Security Project?
The Maharashtra Cyber Security Project is an initiative launched by Chief Minister Devendra Fadnavis to combat cyber crimes and facilitate the swift return of funds to victims.
How can victims reclaim their funds from frozen accounts?
Victims can get their funds back by ensuring that banks unfreeze their accounts after the submission of police certificates.
What steps should citizens take if they encounter cyber fraud?
Citizens are urged to report cyber fraud immediately by calling helpline numbers 1945 and 1930.
What technology is being utilized to combat cyber crimes?
The project incorporates artificial intelligence to freeze accounts and halt fraudulent transactions quickly.
How many police personnel will be trained in cybersecurity?
Approximately 5,000 police personnel will receive training in cyber issues over the next five years.
