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New Delhi: Visa has stepped up its electronic payments security awareness initiative with a Cards Fraud and Payments System Risk Awareness Programme for Indian law enforcement agencies.
This programme has been developed in response to growing government and public concerns around increased fraud exposure around electronic payment products, cyber security and cyber-crime.
Today, Visa conducted an exclusive workshop in New Delhi where CBI officers of Economic Offence Zone participated. This workshop included insight and intelligence on global trends in fraud risk management; cybercrime and measures available to detect and combat them.
The programme is part of Visa's 'Risk awareness Campaign' aimed at empowering stakeholders with knowledge that will enable them to use their cards with greater confidence and provide security.
Given the rapidly changing nature of cyber crime and card fraud in India, the objective of the awareness programme was to share the modus operandi of electronic payment frauds and the intricacies involved in them. The programme also focused on providing information on new technologies to track and combat online and offline frauds.
Prior to Delhi, Visa had conducted a similar awareness programme for the Criminal Investigation Department (CID), Karnataka State Police in Bangalore in February 2012.
Mr. Uttam Nayak, Group Country Manager - India and South Asia, Visa said. "Fraud and Risk Management technologies are continuously evolving. The need of the hour is collaborative efforts from all partners within the value-chain to keep fraudsters at bay. Visa is committed to develop a safe and secure online experience. Through such programmes we play our part in keeping the country's payment system safe and ensure that law enforcement agencies have the latest skills at their disposal. We will continue to work with all partners to ensure the cardholders and other stakeholders remain protected."
"Cyber crime is dynamic in nature and new trends and methods continue to emerge every day. As a law enforcement agency, it is critical for us to understand the evolving cybercrime landscape and the latest technologies used to track and prevent criminal activities," said, Shri. V. K. Gupta, Special Director, CBI.
Owing to the global nature of card industry and the ease and speed of transaction, law enforcement agencies often face problems in tracking both the evidence and the criminal, as we operate within our territorial jurisdiction. In such a scenario, the card industry can be of immense help to the law enforcement agencies in tracking the money trail and help in collecting vital evidence for investigations. In this background, I feel today's workshop by Visa was of immense benefit to all of us, not only as police officers but also as general users of electronic money," said, Shri. O.P.Galhotra, Joint Director, Economic Offense Zone, CBI, New Delhi, while inaugurating the workshop.
[BWI]