Banks and insurers are in early talks to design an insurance product to cover victims of digital arrest scams, potentially making India the first country with such fraud coverage. The government has formed an interdepartmental committee to support tools like a UPI kill switch. Insurers and regulators are discussing protection for losses caused under psychological pressure.
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Digital arrest victims may be going under cover
Banks and insurers are in early talks to design an insurance product to cover victims of digital arrest scams, potentially making India the ...
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