The Securities and Exchange Board of India (Sebi) and the Department of Telecommunications (DoT) have entered into an agreement to enable real-time information sharing and curb cyber-enabled crimes in the securities market.
The partnership aims to tackle issues such as fraudulent investment schemes, phishing attacks, and misuse of telecom resources for financial scams. By combining regulatory oversight with telecom intelligence, the two authorities plan to identify suspicious activities more quickly and take timely action.
As part of the agreement, Sebi will share relevant details related to suspicious market activities, while DoT will provide telecom-related data, including information on mobile numbers and communication patterns linked to fraudulent operations. This exchange is expected to help trace scam networks and prevent misuse of communication channels.
The collaboration also focuses on blocking fraudulent calls, messages, and digital platforms used to lure investors. Authorities aim to strengthen surveillance mechanisms and improve response times in dealing with cyber threats targeting investors.
With the increasing use of digital platforms in financial markets, cyber fraud and investment scams have become more sophisticated. The joint effort between Sebi and DoT is seen as a step towards building a more secure and transparent financial ecosystem.
The initiative highlights the growing importance of inter-agency cooperation in addressing cyber risks and protecting investors from evolving digital threats.
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