Suspect Registry Saves India from $208 Million Worth Cyberfraud

To tackle increasing cybercrime, India launched an online 'suspect registry' on September 10, 2025, which has already shown positive results in fighting financial fraud. Since the establishment of the online "suspect registry," Indian government efforts to combat online financial fraud have prevented losses of $208 million in just 90 days. 

The register has prevented over 600,000 fraudulent transactions and is a part of the national effort to combat cybercrime. The project is a significant step toward strengthening India's financial systems and cyber defenses.

What is Suspect Registry?

Developed by the Indian Cyber Crime Coordination Centre (I4C), the suspect registry was launched by Union Home Minister Amit Shah on September 10, 2024. The register is available to state and federal agencies with information on 1.4 million cybercriminals connected to financial fraud and other cybercrimes.

How is the Suspect Registry Helping to Stop Cybercrime?

In order to detect and stop fraud, it has been integrated with the National Cybercrime Reporting Portal (NCRP) and closely cooperates with banks and other financial organizations.

By compiling information on cybercrime suspects into a single central database, the registry assists financial institutions in identifying possible dangers and stopping cybercrimes in real-time.

$208 Million Saved from Cybercrime

According to reports that cited Home Ministry sources, around $7,054 fraudulent transactions were prevented, saving $208 million until December 1.

Another tool that has helped combat cybercrime is the Citizen Financial Cyber Frauds Reporting and Management System, which was introduced in 2021.

It received more than 1.5 million complaints by December 1, 2024, and prevented $445 million worth of transactions.

To strengthen its cyber defenses, the Indian government has also blacklisted 1,03,151 pieces of dubious internet content using the authority provided by the Information Technology Act 2000. 

Advisory Issued by RBI

The Reserve Bank of India (RBI) has directed all banks to participate in this project and incorporate the suspicious registry into their systems in order to strengthen the nation's financial defenses.

This will help banks avoid financial losses and better control fraud threats. 

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