Digital Arrest Scams: SC Directs RBI To Create Bank SOPs, Pushes For Victim Compensation Framework

by · Inc42

SUMMARY

  • SC directs RBI to create bank SOPs for handling digital arrest fraud cases, including account freezes, grievance redressal and money recovery
  • The move aims to speed up action against digital arrest scams, improve recovery of stolen funds and provide stronger protection to victims
  • The court also directed states to set up cyber crime coordination centres, asked a panel to examine victim compensation and shared liability, and sought review of telecom measures to curb scam calls