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Cyber ​​Crime: Government in action, action with the help of AI on bank accounts involved in cyber fraud – i4c and rbih are using ai tools to identify mule accounts using cyber fraud

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Cyber ​​Crime: Government in action, action with the help of AI on bank accounts involved in cyber fraud – i4c and rbih are using ai tools to identify mule accounts using cyber fraud

The government has come into action to crack down on ‘mule accounts’ being used in cyber crimes. Indian Cyber ​​Crime Coordination and Reserve Bank Innovation Hub have started using AI to identify such accounts.

I4C is sharing the data related to suspicious accounts and cyber criminals present in its Suspect Registry with RBIH.
AI Use In Cyber Fraud: ‘Mule accounts’ were becoming the biggest barrier for state police and central agencies in controlling cyber crime. But Indian Cyber ​​Crime Coordination Center (I4C) and Reserve Bank Innovation Hub (RBIH) are using AI tools to identify suspicious accounts. With this, the joint action of I4C and RBIH will not only be able to identify fake accounts faster, but will also stop the movement of fraudulent money.

AI-based software will prevent finance fraud

I4C sources said it is an AI-based software developed by RBIH to tackle the problem of mule bank accounts that perpetrate digital finance fraud in India. It has the ability to provide real-time monitoring, identify suspicious accounts, and rapidly flag suspicious activity.

AI guards in joint action of I4C and RBIH

I4C is sharing the data related to suspicious accounts and cyber criminals present in its Suspect Registry with RBIH. RBIH will use this data to make the AI ​​based fraud detection system more accurate.

  • The purpose of this joint action is not only to take action after fraud occurs, but also to prevent cybercrime by identifying suspicious activities in advance.
  • With this, fake accounts will be identified faster and the movement of fraudulent money can be stopped.
  • RBIH’s AI based platform MuleHunter.ai will play an important role in this action.
  • This system identifies suspicious activities by analyzing patterns of bank accounts and transactions.
  • AI studies the connections between accounts, suspicious transactions and money flows.

What is mual account?

Many times criminals open accounts through fake documents, while in many cases they use the bank accounts of unemployed youth, students, street vendors, laborers and common people by luring them with commission and easy earnings. This is the reason why reaching the ‘money trail’ of cyber criminals remains the biggest challenge before the state police and central agencies.

Prem Tripathi

About the authorPrem TripathiPrem Tripathi is Assistant Editor at Times Online. He is leading the Tech-Auto team. He has been in journalism for 15 years covering the fields of technology, gadgets, artificial intelligence and defense tech. Prem has seen India’s smartphone market change from the dominance of Nokia to Samsung and Chinese companies to the growing popularity of Apple. He has seen that era of telecom journalism when 2GB data available on 2G and 3G mobile networks had to be used for the whole month. This is the reason why when readers have to give news about research being done on 5G network or 6G, their experience is clearly reflected in the news of love. He knows how to explain topics like ‘Satellite Internet’ and ‘Direct to Device Communication Technology’ in easy language. It’s been a long time since Prem has been writing gadget reviews. He has done in-depth reviews of everything from early Windows to Android smartphones and iPhones. From laptop-PC to smart TV and wearables have also been thoroughly tested and tested. Prem does detailed interviews of experts from the tech-telecom industry. He has been covering launch events on ground for many years. Covering the India Mobile Congress (IMC) since its first edition (2017), he has gained expertise in understanding the major changes happening in India’s technology industry. In recent years, Prem has strengthened his writings on the topic of Artificial Intelligence (AI). He uses AI tools and tells readers about them. Every major change taking place in the field of AI is explained to the readers in easy language. With the idea of ​​how technology can make people’s lives easier, Prem also provides simple HowTo, Tips & Tricks to the readers of Times. He first tries and verifies any hack himself. He does the same practice with daily tech-gadget news also. By verifying news, cross checking facts, gathering additional inputs, research and adding statistics, he prepares any news in detail for his readers. Prem has great experience in print media and digital media. Before joining Times Online, he was working with the reputed tech-gadget website, Gadgets360 (NDTV Ventures) from November 2021 to January 2025. There he provided detailed coverage on gadgets, tech, AI, defense tech and science and wrote gadget reviews. Prem started his career with Hindustan Hindi in the year 2011. Served in Amar Ujala newspaper in 2013 and Times newspaper in 2017. He has worked in both reporting and desk. Covered ‘Kedarnath Disaster 2013’ for Amar Ujala. His book ‘Hai Gau’ was published by Amar Ujala Foundation. Prem Tripathi completed his Bachelor of Science (Bsc) from Kumaon University, Nainital in 2008. He holds a Master of Arts (MA) degree in Mass Communication from Makhanlal Chaturvedi University, Bhopal.… read more