Govt teams up with SBI Cards, telcos to combat OTP frauds

• The Government of India, in collaboration with SBI Cards and Payment Services Ltd (SBI Card) and telecom operators, is developing an innovative solution to combat the growing threat of cyber fraud and phishing attacks involving stolen one-time passwords (OTPs).
• The Centre is testing a solution that will allow banks to track the registered address as well as geolocation of a customer and where an OTP is getting delivered. In case of any discrepancy between the two locations, the customer can be alerted of a possible phishing attack.

ABOUT INDIA’S CYBER SECURITY

• India has the second-largest telecom market in the world, with over 1.16 billion subscribers.
• The Government of India has taken several steps to strengthen cybersecurity, including the establishment of The National Cyber Security Coordinator (NCSC) and The Indian Computer Emergency Response Team (CERT-In).

ABOUT THE NATIONAL CYBER SECURITY COORDINATOR (NCSC)

• Established in 2014 under the National Security Council Secretariat.
• It Coordinates with international partners to enhance global cyber security cooperation.

ABOUT THE INDIAN COMPUTER EMERGENCY RESPONSE TEAM (CERT-IN)

• Operational since 2004 under the Ministry of Electronics and Information Technology.
• It Serves as the national nodal agency for responding to cyber security incidents.
• Monitors and analyses cyber threats, vulnerabilities, and incidents.
• Provides alerts, advisories, and guidelines to enhance cyber security preparedness.
• Conducts cyber security drills and training programs for government and critical sector organizations.