Google launches DigiKavach program to fight online financial fraud in India. DigiKavach is a state-of-the-art early threat detection and warning system designed to detect and analyze emerging financial fraud patterns
Information about DigiKavach program
Google's DigiKavach program reflects the company's dedication to creating a more secure digital environment for Indian internet users. By analyzing scammers' methods, implementing countermeasures, sharing insights with experts, and supporting organizations like the Cyberpeace Foundation, Google aims to effectively tackle online financial fraud. This initiative not only helps protect users from scams, but also promotes a culture of digital literacy and empowerment, ensuring a more secure online experience for everyone.
Google's DigiKavach program involves a comprehensive study of the methods and methodology used by online scammers. By gaining information about the tactics adopted by fraudsters, Google can develop better strategies to counter these fraudulent activities.
Objective of DigiKavach :-
Studying the modus operandi of scammers: The first step in dealing with financial fraud is to understand the strategies and tactics adopted by scammers. Digiwatch's dedicated teams are working tirelessly to unravel the complex web of deception used by fraudsters.
Generating Insights and Detecting Threats: Equipped with a deep understanding of fraud patterns, DigiKavach uses cutting-edge technology to detect emerging threats. By identifying these threats early, the program aims to prevent financial losses to individuals and institutions.
Collaborating with the broader ecosystem: DigiWatch recognizes that defeating financial fraud requires a collective effort. As part of this programme, collaboration with various organizations and authorities is important.
Partnership with FACE
Google has collaborated with The Fintech Association for Consumer Empowerment (FACE) and included them as a priority flag bearer to combat predatory digital lending apps on the Play Store in India. As a priority flag bearer, FACE will support Google with market intelligence to enable it to detect and take prompt action against personal loan apps in India that do not comply with Play Store policies.
Google's branch support from Google.org
Google.org, an arm of Google, has announced a significant $4 million grant to the Cyberpeace Foundation. The grant aims to equip approximately 40 million Indian citizens with the skills needed to combat misinformation and increase digital literacy. This underlines Google's commitment to promoting online safety and empowering users to safely navigate the digital landscape.