‘Use social media to pick up frauds’

‘Use social media to pick up frauds’

FPJ BureauUpdated: Saturday, June 01, 2019, 04:00 PM IST
article-image

Mumbai : With instances of online financial frauds on the rise, Reserve Bank Governor Raghuram Rajan today mooted the idea of using the social media by the regulator as a tool to pick-up wrongdoings.

“Can we enlist social media in enabling the public to identify fraud and can we as regulators filter that information in careful and responsible way so that we can collect information about what is happening and react to it?” Rajan posed the question while speaking at the annual Nasscom leadership conference.

Rajan conceded that quite a lot of e-mails bearing his or the RBI’s name and asking for personal details to give out some “prizes” are doing the rounds, and assured all that the RBI does not ask for any such data.

RECENT STORIES

Indian Expat Promises 50,000 New Jobs For Indians In Gulf In Five Years

Indian Expat Promises 50,000 New Jobs For Indians In Gulf In Five Years

Meta Announces WhatsApp Real-time Hindi Translate

Meta Announces WhatsApp Real-time Hindi Translate

Cyber Attack Pushes Tata Owned Jaguar Land Rover To Postpone Production

Cyber Attack Pushes Tata Owned Jaguar Land Rover To Postpone Production

Rapido Valuation Doubles After Swiggy Sells Stakes For ₹ 2,400 crores

Rapido Valuation Doubles After Swiggy Sells Stakes For ₹ 2,400 crores

Booking & Check-In Services May Be Temporarily Unavailable: Akasa Air

Booking & Check-In Services May Be Temporarily Unavailable: Akasa Air