Government Allies with SBI Card and Telcos to Tackle OTP Frauds
The Government of India is actively working with SBI Card and telecom operators to address OTP frauds, a significant cyber threat. This collaboration includes an innovative solution that involves tracking the geolocation of a SIM card against the customer’s registered address. If discrepancies arise, this system can alert the user or block the OTP to prevent misuse. This initiative is part of a broader effort by the government to enhance cybersecurity in India, supported by institutions like the National Cyber Security Coordinator and the Indian Computer Emergency Response Team, reflecting the country’s increasing digital payment transactions and commitment to protecting its vast telecom user base.
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