India has made it a priority to go digital from end to end. Since then there has been a huge shift towards the online digital ecosystem. Digital financial services with likes of payment and online loan distribution have forced the authorities to take necessary regulatory measures to keep an eye on digital scams.
The government has been working on building a new agency called Digital Intelligence Unit dedicated only to monitoring digital scams and irregularities.
“The main function of DIU will be to coordinate with various LEAs, financial institutions, and telecom service providers in investigating any fraudulent activity involving telecom resources,” the ministry of communications said in a press statement.
“License Service Area level, Telecom Analytics for Fraud Management and Consumer Protection (TAFCOP) system will also be created,” officials added.
The decision was taken after a high-level meeting that was chaired by telecom minister Ravi Shankar Prasad. The growing fraudulent loan transaction, scammy marketing calls, and digital money laundering have made the decision inevitable.
The minister made it clear to implement strict rules and regulations against these scams. Earlier the Do-not-Disturb (DND) was initiated, but even consumers registered with this service continued to get scammy marketing calls.