AI to Detect Bank Accounts Used for Illegal Activities: Amit Shah

Union Home Minister Amit Shah has announced a new initiative to combat cybercrime, stating that Artificial Intelligence (AI) will be used to identify bank accounts involved in illegal activities.
During a meeting at the Ministry of Home Affairs on Cyber Security and Cybercrime, Shah emphasized the need for advanced technological solutions to tackle financial fraud and digital crimes. He stressed that digital policing must evolve to match the rapid advancements in cybercrime tactics.
Key Highlights from the Meeting
•    AI-driven detection – The government plans to use AI algorithms to identify suspicious bank accounts and financial transactions linked to fraud and illicit activities.
•    Strengthening Cybersecurity – Shah directed officials to enhance India’s digital security infrastructure to prevent financial fraud, hacking, and data breaches.
•    Strict action against fraudsters – A focus will be placed on cracking down on digital financial crimes through real-time monitoring and proactive investigation.

Digital Expansion & Cybersecurity Challenges
Shah noted that with 95% of villages now digitally connected, cybersecurity challenges have increased. He highlighted the Digital India program’s success but warned that the growing reliance on online transactions demands stronger cybersecurity measures.

Fighting Cybercrime with Technology
•    AI-powered surveillance will help in detecting fraud at an early stage and prevent financial losses.
•    The government aims to ensure that all cybercrime complaints are registered and investigated promptly.
•    Currently, 48% of cyber fraud victims receive refunds, and the government is working to increase this percentage.
Shah reiterated that digital security is as important as national security, and the government is committed to making India a global leader in cybersecurity and digital crime prevention.