Swift recovery of stolen money: Banks mull new move for faster freezing of fraudsters’ accounts in case of a cyberattack

Banks are considering a proposal to integrate their systems with the National Cybercrime Reporting Portal (NCRP) to prevent swift fund transfers by cyber fraudsters during attacks. The initiative aims to streamline the process of freezing accounts and recovering funds in cases of digital crimes and phishing attacks. https://ift.tt/rf3mip1