PM Modi Calls For Global Framework To Tackle Cyber Fraud

Prime Minister Narendra Modi called for a global framework to address cyber fraud and deep fakes, urging tech companies, financial institutions, and telecom operators to collaborate and establish a comprehensive security framework. He highlighted India's success in protecting citizens from cyber attacks and emphasized the importance of trust in communication and payments through mobile phones.

Modi suggested that global cooperation is essential as most cyber operations are borderless. He proposed that the GSM Association and global telecom operators create a global mechanism to prevent cyber fraud before it affects the masses and offered India's expertise to global regulators. India has faced a significant rise in cyber fraud, with citizens losing ₹3,588.2 Cr in over 5.83 Lakh digital payment fraud cases from FY22 to FY26.

The government has implemented measures such as the Sanchar Saathi portal, which has received 12.8 Lakh inputs on suspected fraud communications since its launch in 2023. The Centre announced that the Financial Fraud Risk Indicator (FRI) prevented nearly ₹5,000 Cr in suspected cyber-fraud losses. However, nearly 7.1% of attempted digital consumer transactions in India were suspected fraud in 2025, nearly double the global rate of 3.8%.

To tackle this issue, Union Home Minister Amit Shah directed officials to enhance the National Cybercrime Helpline using AI, and the RBI introduced a compensation mechanism to aid fraud victims, providing up to 85% of the net loss amount or ₹25,000, whichever is lesser.