Airtel's Vittal bats for real-time fraud intelligence sharing

According to data from the Indian Cybercrime Coordination Centre (I4C) under the Ministry of Home Affairs, India recorded over 1.7 million cybercrime complaints in the first nine months of 2024, leading to financial losses exceeding ₹11,000 crore.

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According to Vittal, fraudulent URLs are responsible for nearly half of all financial losses from cybercrime, while phishing calls, messages, and sophisticated digital frauds make up the rest. "Given this growing threat, we believe it is crucial for the industry to come together to respond in a unified manner. In this spirit, we propose the creation of a Joint Telecom Fraud Initiative, comprising all telecom service providers, to work together to prevent, detect, and mitigate potential fraud and scam flowing through our networks," the top executive at India's second-largest telecom services provider said in the letter.