IT Ministry blocks over 100 websites involved in organized illegal investment, job fraud

Over 100 websites facilitating organized illegal investments and work-based part-time job fraud were blocked following a recommendation from the Union Home Ministry.

According to an official statement, these websites were being operated by foreign actors.

The Indian Cyber ​​Crime Coordination Center (I4C), a wing of the Union Home Ministry, through its vertical National Cyber ​​Crime Threat Analytics Unit (NCTAU) last week identified over 100 websites involved in organized investment and work-based part-time job fraud. And recommended. Blocked.

The statement said that after this, the Ministry of Electronics and Information Technology (MeitY) has blocked these websites using its power under the Information Technology Act, 2000.

These websites, which facilitated task-based organized illegal investments related to economic crimes, were revealed to be operated by foreign actors and using digital advertising, chat messengers, and mule and surrogate accounts. Were staying.

The statement said that the proceeds of large-scale economic fraud were routed out of India using card networks, cryptocurrencies, foreign ATM withdrawals and international fintech companies.

I4C is an initiative of the Ministry of Home Affairs to tackle cyber crimes in the country in a coordinated and comprehensive manner.

Earlier this year, MeitY had ordered the blocking of 232 apps operated by foreign entities, including Chinese ones, for being involved in betting, gambling and unauthorized lending services.

Fintech firms LazyPay, Indiabulls Home Loan and Kisht were on the list of blocked websites. According to the list, MeitY issued orders to block, which is a subsidiary of Dutch investment firm Prosus.

A Chase India report in May proposed setting up a self-regulatory organization (SRO) for the digital lending industry.

Affiliate links may be automatically generated – see our ethics statement for details.

Leave a comment