Hyderabad cops urge RBI to fix banking gaps fueling cyber fraud

Published on 1 May 2026

Rs 400 crore losses trace back to bank loopholes

Hyderabad Police’s crackdown on cyber fraud has led to a high-level meeting urging the RBI to plug systemic banking gaps that enable digital financial crimes. The police cite around Rs 400 crore in annual losses and push for coordinated action against mule accounts, faster response systems, and wider adoption of RBI’s MuleHunter.AI by banks.

Hyderabad Police link cyber fraud to systemic banking gaps
Meeting seeks coordinated action against mule accounts
Banks are urged to adopt RBI’s MuleHunter.AI tool
Police estimate Rs 400 crore annual losses

#cybercrime #mule accounts #hyderabad police #digital fraud #rbi

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Hyderabad cops urge RBI to fix banking gaps fueling cyber fraud

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