India's rapidly growing digital economy has become a breeding ground for scammers, with an alarming surge in cases of digital fraud reported in recent months. As the Reserve Bank of India (RBI) considers new measures to combat the issue, experts are left wondering whether these efforts will be enough to stem the tide of cybercrime. With millions of Indians falling victim to online scams each year, the RBI's proposed solutions are being closely watched by consumers and businesses alike. But what exactly are the RBI's plans, and will they be effective in protecting India's vulnerable digital landscape?
The RBI is mulling measures to tackle rising cases of digital fraud in India - but will they work?