India has successfully prevented 6.6 million fraudulent financial transactions, demonstrating the country’s growing resilience against cybercrime and digital payment fraud, according to Minister of State for Electronics and IT, Dr. Pemmasani Chandra Sekhar.
Speaking at a recent cybersecurity conference, the minister highlighted the government's commitment to securing India's digital economy through robust surveillance systems, real-time fraud detection tools, and improved coordinationbetween financial institutions and law enforcement agencies.
Dr. Pemmasani noted that the Unified Payments Interface (UPI) and other digital platforms have revolutionized financial access but also attracted sophisticated fraud attempts. He credited the successful blocking of these transactions to advanced AI-based monitoring systems, proactive alerts, and stronger compliance frameworks introduced under the Digital India mission.
The government is also working closely with the Reserve Bank of India (RBI) and private sector stakeholders to develop real-time fraud response protocols and enhance consumer awareness through targeted campaigns.
In addition, MeitY is encouraging fintech players to adopt multi-factor authentication, transactional behavior analysis, and secure-by-design infrastructure to mitigate emerging threats.
“Securing our digital financial infrastructure is not optional—it’s foundational to trust in a growing digital economy,” Dr. Pemmasani said.
As digital transactions continue to surge, India’s proactive approach to digital security is becoming a model for other developing nations navigating the balance between rapid fintech adoption and cybersecurity challenges.
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