PUNJAB NATIONAL BANK (PNB) INTEGRATES NCRP SOLUTION FOR CYBERSECURITY

GS 3 – INTERNAL SECURITY

PNB has become the first Indian bank to implement Clari5’s National Cybercrime Reporting Portal (NCRP) Integration Solution, enhancing its capabilities to manage cybercrime complaints and fraud prevention. This system integrates with the Indian Cybercrime Coordination Centre (I4C) for real-time complaint management.

Key Features:

• Real-Time Lien with FIFO Logic: Prioritizes complaints for quicker resolution.
• Smart Debit Freeze: Automatically locks fraudulent accounts.
• Customizable Whitelisting: Protects critical accounts from unnecessary processes.

Impact on Fraud Prevention:

The integration boosts fraud detection and strengthens security. The system’s automated processes ensure data integrity, even during outages.

Future Prospects:

PNB’s adoption could inspire other banks to implement similar solutions, advancing the goal of a safer financial ecosystem in India.

National Cybercrime Reporting Portal:

Launched in 2019, the NCRP enables reporting of cybercrime incidents, focusing on financial fraud and online child abuse material. It connects various banks for efficient handling of financial cybercrime reports.