Journalism of Courage
Advertisement
Premium

Government mulls insurance guidelines for mobile wallet transactions

The IT Ministry's intention is to have one such lab notified as an "examiner" in every district, over a period of time.

Bhim app, Paytm, freecharge, Mobikwik, M wallets, mobile wallets, cashless transactions, POS devices, Android devices, iOS devices, Cyber criminals, Cyber attacks, malware, new types of attacks security software firm, F Secure security, security products, credit cards, debit cards, online transactions, demonetisation, online payment, digital payment, web based wallet, telecom operator backed wallet, bank backed wallet, independent m wallet,new types of threats, USSD transactions, UPI transactions,cashless transactions using mobile, technology news, technology Government has initiated talks with mobile wallet players and insurance companies to work out a mechanism to enable an insurance framework for electronic wallet transactions. Also in the offing is notification of forensics labs as registered ‘examiners’ for electronic evidence. (Representational Image)

Government has initiated talks with mobile wallet players and insurance companies to work out a mechanism to enable an insurance framework for electronic wallet transactions. Also in the offing is notification of forensics labs as registered ‘examiners’ for electronic evidence. On Sunday, the IT Ministry is the only registered examiner for cybercrime related evidence.

WATCH WHAT ELSE IS IN THE NEWS

“The IT Ministry has co-ordinated 2-3 meetings with insurance firms and mobile wallet players. The core idea is that money in electronic wallet needs to be insured,” an official source said. Stating that the discussions were close to a “breakthrough”, the source said once the talks reach a conclusion, the rules to enable an insurance framework for mobile wallet transactions will be notified.

In another move, the IT Ministry will also notify forensic labs as ‘examiner’ for cybercrime related evidence. “At present, the IT Ministry is the only registered examiner for electronic evidence. The idea is to notify 2-3 cyber forensic labs as examiner of electronic evidence, to start with,” the source said.

The IT Ministry’s intention is to have one such lab notified as an “examiner” in every district, over a period of time, they added.

Curated For You

 

Tags:
Edition
Install the Express App for
a better experience
Featured
Trending Topics
News
Multimedia
Follow Us
Express PremiumHow matcha, kunafa chocolate, and 'ugly-cute' toys defined cool in 2025
X