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I4C banned 379 illegal loan/scam websites in 8 months: Home Affairs MoS

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I4C banned 379 illegal loan/scam websites in 8 months: Home Affairs MoS

The Indian Cyber Crime Coordination Centre (I4C) has collaborated with the National Internet Exchange of India (NIXI) to shut down 379 websites hosting illegal loan and scam applications between October 2023 and May 2024. Additionally, I4C has identified and deactivated 310 malicious/phishing domains and 91 fake websites to prevent abuse of ‘.in’ domains. They have also launched the Citizen Financial Cyber Fraud Reporting and Management System, saving over Rs. 2400 crore across more than 7.6 lakh complaints. Illegal loan apps, which often impose high interest rates and employ aggressive recovery tactics, have become a concern in India. The Reserve Bank of India (RBI) is compiling a whitelist of approved lending apps to ensure compliance with legal standards.

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