CyberSafe, an initiative of Ministry of Home Affairs, is a comprehensive system meant to tackle digital frauds, involving digital wallets, debit/credit cards, payment banks, e-commerce portals etc.
It is a response to the rising incidents of phone fraud in the country, wherein unsuspecting citizens are induced to share card details with fraudsters, thereby losing their hard-earned income and savings.
CyberSafe is an application developed jointly by FCORD and the private sector with the objective of making the digital payment eco-system safe and secure; enhancing the faith of the common man in the platform; and assist law enforcement agencies in resolving and preventing all such crimes.
FCORD, in association with several private technology partners, has developed a pilot application, CyberSafe (www.cybersafe.gov.in), as an infomation-sharing platform between LEAs and Fintech entities.
One of the unique features of CyberSafe is the creation of a central repository of fraudsters, including their mobile numbers and bank accounts. All LEAs will have online, real-time, access to this negative database, which will be updated with every fraud registered.