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Over the past few years, Marine Corps Systems Command (MCSC) has begun acquiring new, cutting-edge communication technology to support future battlefield objectives, particularly those that may affect the Indo-Pacific battlespace. Due to future naval warfare that will require increased mobility and active communication to circumvent difficult situations, improving battlefield communication is a major aspect of the Marine Corps’ modernisation efforts to meet this future fight.
The modernisation investments provide Marines capabilities with redundancy and resiliency across the electromagnetic spectrum so Marines can communicate, conduct command and control, increase situational awareness and enable informed decision-making in the battlespace.
The electromagnetic spectrum encompasses the entire range of wavelengths or frequencies of electromagnetic radiation emitted through communication devices, such as radios and tablets. Marine Corps intends to operate effectively in this complex and dynamic environment against adversaries looking to do the same.
To support this goal, the Marine Corps has invested in capabilities that improve communication and increase situational awareness. They ensure that Marines’ communication and navigation systems can continue to operate in a denied, degraded and low-bandwidth electromagnetic environment.
Navigating this environment requires providing the right set of command and control, communication, and situational awareness applications and services when disconnected from the Marine Corps Enterprise Network.
In recent years, MCSC has focused its efforts on providing Marines with ways to securely and effectively transmit data while on-the-move in an ever-evolving battlespace. Networking On-the-Move (NOTM) is a mobile, satellite communication system that enables Marines to connect to networks and communicate while mobile or stationary on the battlefield, enabling flexibility when portions of the electronic spectrum are denied.
The NOTM capabilities provide Marines with internet on the move, similar to inflight internet or cellular service while driving. Marines can employ NOTM to securely transmit critical information to commanders and increase situational awareness in hostile environments. The vehicle kit, which began fielding in 2015, comprises both air and ground capabilities Marines to seamlessly share data and communicate over video and by voice. NOTM can be used on most ground and air platforms.
Navigation systems are also important when operating in electromagnetic environments. The Military GPS User Equipment (MGUE) is a next-generation, handheld navigation capability that provides positioning, navigation and timing capabilities to warfighters while executing missions. MGUE enables Marines to operate in an increasingly contested electromagnetic environment. MGUE is effectively a GPS modernisation program designed to increase resiliency and PNT capability in the current and future contested environments. It reflects a natural evolution of GPS technologies.
MCSC has also been developing a family of systems to create an advantage for Marines and joint forces in electronic warfare. In 2020, MCSC began developing the MAGTF Electronic Warfare Ground Family of
Systems (MEGFoS), which helps Marines sense, attack and defend against electromagnetic threats.
MEGFoS is a series of portable technologies that can be used at fixed sites, on tactical vehicles or while dismounted to manoeuvre effectively within the electromagnetic spectrum. It includes common, multiservice interfaces to share information across the joint forces.MEGFoS helps Marines sense, attack and defend against electromagnetic threats, said Bailey. These capabilities comprise a vehicle-mounted electronic technology and counter radio-controlled improvised explosive devices.
This family of systems will enable Marines to command the electromagnetic spectrum against a peer adversary, providing the Marine Corps with the ability to manoeuvre effectively inside the spectrum and deny their adversaries that ability. MCSC also oversees intelligence systems that will help the Marine Corps achieve future goals.
Increased, effective communication is a catalyst in meeting future objectives on the battlefield, said Bailey. This cannot be accomplished without innovative equipment and modern wargaming analytical tools tailored to a 21st-century battlespace.
MCSC is delivering modern capabilities designed to communicate data, support critical decision-making and enable action. The purpose is to deliver the information to Marines in a usable way that makes sense, so they can make decisions that render desired outcomes in communications-disadvantaged environments. Their goal is to make sure the Marines are never in a fair fight and they hope that these investments will give Marines that competitive advantage.
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The Ministry of Industry and Trade (MoIT) recently unveiled an ambitious plan to propel Vietnamese businesses onto the global stage through a cutting-edge initiative. At the core of this strategy is the selection of 100 exceptional enterprises for the “Vietnam Pavilion” on a leading B2B e-commerce platform, slated to revolutionise the landscape of international trade.

This innovative programme seeks to champion the diverse array of “Made in Vietnam” products, fuel international trade endeavours, and facilitate seamless access for businesses to tap into the vast customer base of an established e-platform. By leveraging this expansive network, the initiative aims to illuminate Vietnam’s products and the prowess of small- and medium-sized enterprises (SMEs) to a global audience.
The registration window for SMEs extends until January 15, 2024, offering selected participants invaluable insights from seasoned exporters. Vu Ba Phu, Director of the Vietnam Trade Promotion Agency, emphasised the pivotal role of this collaboration with the e-commerce giant, highlighting its potential to furnish SMEs with a gateway to the global market. This collaboration underscores a strategic shift toward digital trade, fortifying resilience amid the unpredictable undulations of the global market.
The inception of the “Vietnam Pavilion” in 2022 signals a concerted effort to bolster Vietnamese businesses by amplifying their brand presence and facilitating seamless networking opportunities. According to the Country Director of the e-commerce company in Vietnam, this alliance is pivotal in augmenting the global footprint of Vietnamese enterprises, streamlining their participation in global business endeavours.
In the previous year, Vietnam witnessed an exponential surge in exports via e-commerce, surmounting 80 trillion VND (approximately 3.25 billion USD). Forecasts project a meteoric rise, expecting the figure to soar to nearly 300 trillion VND by 2027. In anticipation of this burgeoning trend, Vietrade swiftly rolled out various online and hybrid trade promotion models, yielding commendable outcomes.
Simultaneously, the Ministry of Industry and Trade organised an event to introduce the “National Centralised Promotion Programme 2023 – Vietnam Grand Sale 2023” to stakeholders across the country. This initiative is designed to invigorate trade promotion endeavours while fortifying the branding of Vietnamese goods. The programme aims to stimulate domestic market growth, diversify purchasing channels, and bolster production, circulation, and business activities, catalysing the country’s economic resurgence.

The National Focused Promotion 2023 is set to be a nationwide affair, spearheaded by the Department of Trade Promotion in collaboration with relevant industry units, associations, businesses, and organisations. This concerted effort will encompass a multifaceted approach, blending traditional trade methods with e-commerce to generate a ripple effect, drawing the active participation of enterprises across sectors.
Businesses are granted the autonomy to partake in the “National Focused Promotion 2023” Programme by proactively engaging in diverse and compelling promotional activities aimed at captivating customers. They have the prerogative to set promotional limits (up to 100%), provided they adhere to legal and transparent promotional practices and safeguard consumer rights.
As stipulated, the permissible limit for goods and services used in promotional activities during the specified period from December 4, 2023, to February 9, 2024, stands at 100%, in alignment with regulatory decisions.
In essence, these initiatives orchestrated by the Ministry of Industry and Trade represent a decisive stride toward harnessing technological advancements to bolster Vietnam’s economic landscape, empowering businesses to thrive in the digital age while fortifying their global market presence.
Vietnam is eager to develop its digital economy and ensure that it is ready to make use of any opportunities to expand.
OpenGov Asia reported that the Ministry of Information and Communications is designing a strategy for Vietnam’s international fibre-optic cable development that will soon be released. This initiative aims to guarantee the secure and sustainable advancement of Vietnam’s digital infrastructure, according to Pham Duc Long, the Deputy Minister of MIC.
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A delegation from the Ministry of State Apparatus Empowerment and Bureaucratic Reform (PANRB) met with the Permanent Mission of the Republic of Indonesia to the United Nations (PTRI New York) in New York. The meeting addressed the importance of digitisation as a fundamental foundation in bureaucratic reform.
Digitisation, involving representatives from the Ministry of PANRB and PTRI New York, discussed concrete steps to integrate technology into bureaucratic reform efforts. The discussion involved aspects such as implementing information systems, developing human resource capacity, and using technological innovation to enhance administrative efficiency.
In this meeting, the delegation from the Ministry of PANRB, led by Deputy for Institutional and Organisational Affairs Nanik Murwati, accompanied by Acting Assistant Deputy for Institutional and Organisational Affairs for the Economy, Maritime, and Investment of the Ministry of PANRB Ario Wiriandhi, was received by the Permanent Representative of Indonesia to PTRI New York, Arrmanatha Christiawan Nasir, and his team. The meeting began with discussions on the progress of institutional and organisational policy.
Nanik emphasised the urgency and importance of bureaucratic reform supported by data-based digital governance. “Digitisation through the SPBE architecture is the main foundation for bureaucratic reform, with its impact to be felt by the Indonesian people both domestically and internationally,” said Nanik.
Nanik demonstrated the Indonesian government’s commitment to advancing bureaucratic reform through digital transformation through this meeting. They underscored the importance of international collaboration, especially in exchanging knowledge and experiences related to implementing technology in public administration.
One of the main focuses of the meeting was to enhance the effectiveness of public services through implementing digital solutions. The delegation discussed the potential use of artificial intelligence, data analysis, and technology-based platforms to expedite decision-making processes and provide more responsive services to the public.
“The use of digital technology in various aspects of government operations, such as reporting, data management, and interagency coordination, can create a more open, transparent, and efficient environment,” said Nanik.
The Ministry of State Apparatus Empowerment and Bureaucratic Reform (PANRB) emphasised simplifying and integrating business processes to strengthen digitisation. The main goal is to improve the effectiveness and efficiency of task implementation, programmes, and services across all government agencies, including those carried out by the Permanent Mission of the Republic of Indonesia (PTRI) in New York.
Nanik, the representative from the Ministry of PANRB, revealed that the next step is to conduct an in-depth review with PTRI New York regarding the institutional arrangement policy of the Indonesian Representative Abroad. This institutional arrangement aligns with the revision of Presidential Decree No. 108/2003 concerning the Organisation of the Indonesian Representation Abroad. This process aims to align and enhance the organisational structure to provide optimal support in diplomatic tasks.
The discussion highlighted crucial points, including the position and relationship of business processes and work procedures between PTRI and KJRI New York, KBRI Washington DC, and other organisational elements within the PTRI New York environment. The results of the meeting are expected to form a strong foundation to strengthen synergy and efficiency in diplomatic tasks at PTRI in New York.
Furthermore, through this collaborative step, Nanik believes that by implementing digitisation comprehensively in bureaucracy, there will be significant opportunities to improve the efficiency and responsiveness of public services. Digitisation will facilitate access and information exchange between agencies, reduce task execution time, minimise bureaucracy, and mitigate risks associated with manual processes.
This initiative addresses current needs and looks ahead, creating a robust foundation for adapting to ongoing technological developments. Thus, Indonesia can continue to deliver excellent and responsive public services, achieving the goal of sustainable bureaucratic transformation.
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The National Economic and Development Authority (NEDA) recently visited Dumangas, Iloilo, to witness the demonstration of SARAi, a cutting-edge remote-sensing technology developed by the University of the Philippines Los Baños.
This initiative is part of NEDA’s ongoing efforts to harness the potential of remote-sensing technologies for gathering timely crop data, a crucial element in providing anticipatory inflation policy advice through the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO).
Project SARAi, standing for Smarter Approaches to Reinvigorate Agriculture as an Industry in the Philippines, focuses on monitoring agricultural production. During the demonstration, the Dumangas SARAi team showcased the generation of crop commodity maps using satellite data. The validation process involves a mobile phone app or a specialised drone, ensuring accuracy in monitoring the growth and health of crops in Dumangas.
While SARAi has proven useful at the local government unit (LGU) level, its current pilot implementation is limited to a few LGUs. NEDA Assistant Secretary Reynaldo R Cancio emphasised the need for broader implementation to fully tap into its potential for guiding national policy-making. Acknowledging challenges faced during the technology’s introduction to pilot LGUs, Reynaldo highlighted financial resource constraints and a lack of appreciation for the technology’s benefits as major hurdles.
NEDA proposed national government support for the deployment of remote-sensing technologies like SARAi, particularly for LGUs with financial constraints. He stressed the importance of coordination among various remote-sensing projects to avoid duplication and ensure applicability for national-level inflation management.
As NEDA continues to work with the IAC-IMO, the focus remains on providing inflation policy advice using existing data sets. Simultaneously, efforts persist in studying the potential of remote-sensing technologies like SARAi as invaluable tools for gathering essential data in the ongoing pursuit of effective inflation management.
In addition, NEDA has taken a significant step towards advancing the digital landscape in the Philippines with the release of the Implementing Rules and Regulations (IRR) for Republic Act No. 11927, popularly known as the Philippine Digital Workforce Competitiveness Act. This strategic move, approved on October 2023, reflects a meticulous consultation process involving various stakeholders, including government agencies and private sector representatives.
NEDA Secretary Arsenio M Balisacan emphasised the crucial role the Act plays in equipping the workforce with digital technologies and skills while fostering a dynamic innovation ecosystem. The IRR outlines the establishment of the Inter-Agency Council (IAC) for the Development and Competitiveness of the Philippine Digital Workforce, chaired by NEDA and composed of eight other key agencies.
This Council will be the primary body responsible for planning, coordinating, and implementing initiatives to enhance the competitiveness of the country’s digital workforce, with the Department of Labor and Employment (DOLE) serving as the secretariat.
The Act empowers the IAC to formulate the National Roadmap on Digital Technology and Digital Skills, laying the foundation for programmes aimed at upskilling, re-skilling, and training the digital workforce. In a bid to streamline information dissemination, the Council will establish a centralised online portal harmonising existing portals of member agencies. This portal will provide comprehensive details on training and skills development programmes, certifications, and scholarship opportunities.
These initiatives directly address identified gaps in digital technology and skills mapping, ensuring that Filipinos across the nation have access to the skills and competencies essential for navigating the digital landscape. The focus on digital content, platforms, innovations, entrepreneurship, and technology aligns with the ever-evolving demands of the global labour market, positioning the Philippines as a competitive player in the digital workforce arena.
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Having robust and effective public services is a fundamental goal for every country aiming to enhance the quality of life for its citizens. Quality public services, especially healthcare access, are pivotal in societal well-being and development. As a basic human need, the significance of quality public services in healthcare becomes even more prominent.

New Zealand government is aware of fostering its public services. In light of this, New Zealand has embraced a transformative journey by integrating digital technologies to enhance the accessibility and efficiency of its public services. The introduction of the rural after-hours telehealth service is a testament to the commitment of public health authorities to leverage technology for the benefit of citizens, especially those in remote areas.
This initiative aligns with the broader agenda of digital transformation sweeping across various sectors. The transformative service is co-commissioned by Te Whatu Ora and Te Aka Whai Ora and is delivered through a collaboration between three leading telehealth organisations in New Zealand.
Rural communities now have two convenient methods to access the telehealth service. The public can contact 0800 2 KA ORA (0800 252 672), or their rural healthcare provider can refer them. This dynamic service, operational for a week, has already engaged 20 rural practices, with more set to join in the coming days.
When individuals contact the service, a triage process is initiated by skilled nurses and kaiāwhina. Patients are seamlessly referred to a doctor if necessary. Jess White, general manager of telehealth organisations, spoke about this innovative platform that provides rural communities an additional option for receiving care.
Dr Sarah Clarke, National Clinical Director for one of the telehealth organisations at Te Whatu Ora, underscored the significant impact of this service on the most isolated communities, where access to after-hours care, particularly without reliable internet access, has been a persistent challenge. Selah Hart, Deputy Chief Executive from one of the telehealth organisations at Te Aka Whai Ora, underscores the relief this service brings to rural whānau, particularly those with young children who previously had to endure long journeys for after-hours medical care.
Operational on weekdays from 5:00 pm to 8:00 am and providing 24-hour coverage on weekends and public holidays, the service is staffed by a team of kaiāwhina, nurses, GPs, and emergency medicine specialists. This coverage ensures accessibility for enrolled and unenrolled individuals in rural areas, enabling them to increase their quality of life.
Te Pae Tata, the Interim New Zealand Health Plan 2022, serves as a strategic framework that spotlights the healthcare needs of various demographic groups. Te Pae Tata underscores the importance of enhancing their access to high-quality and timely healthcare services. The emphasis on rural healthcare is a testament to New Zealand’s commitment to equitable health outcomes and a proactive step towards addressing the specific needs of these communities.
This new rural clinical telehealth service complements New Zealand’s existing telehealth options, with Healthline (0800 611 116) continuing its regular operations. As technology evolves, these telehealth services can serve as a foundation for further innovations.
The introduction of this service signifies a commitment to advancing healthcare through digital innovation, ensuring that even the remotest communities have access to quality healthcare, further solidifying New Zealand’s position at the forefront of telehealth advancements.
Across the world, tech is improving health outcomes and patient experiences. For instance, OpenGov Asia reported that in Indonesia’s healthcare industry, robots are crucial, assisting surgeons in procedures, providing rehabilitation therapies, and even delivering medications to patients. Telesurgical robots offer enhanced skill and precision, minimising invasive procedures and improving patient outcomes.
Similarly, in the U.S., researchers at the Pritzker School of Molecular Engineering (PME) at the University of Chicago have harnessed the power of machine learning to revolutionise vaccine design. MIT researchers have introduced medical technology advancements, a wearable ultrasound monitor fashioned as a patch, that holds promising implications for individuals with bladder or kidney disorders, offering a more accessible means to monitor organ functionality.
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In contemplating the complexities of contemporary youth, Minister Ong Ye Kung engages in a reflective journey, drawing parallels between historical junctures and the pivotal role of today’s young generation in Singapore and China. Addressing a spectrum of challenges, he emphasises the need for adaptive attributes and cultural resonance in steering a promising course toward the future.
Spotlighting the ubiquitous connectivity of modern youth, regardless of geographical boundaries. Minister Ong underlines their profound concern for global issues like mental health, climate change, and social disparities, transcending national confines. Amidst this global awareness, he underscores the practical preoccupations of Asian youth, particularly in Singapore and China, echoing their concerns about job competition, rising living costs, and aspirations for stability, symbolising resilience and adaptability.
Reflecting on historical milestones in the United States, Singapore, and China, Minister Ong delineates the monumental tasks faced by earlier generations of youth. From rebuilding post-war economies to navigating independence and economic reforms, these examples illustrate the transformative potential of youthful vigour and leadership in shaping nations. Education, innovation, and societal cohesion emerge as crucial pillars during these epochs.
A poignant emphasis is placed on the essential attributes needed for the current youth cohort to thrive. Minister Ong advocates for an insatiable curiosity, emphasising continuous learning in the face of rapid technological evolution. He champions the significance of retaining cultural identities amid globalisation while simultaneously assimilating foreign influences, fostering a dynamic cultural landscape. Furthermore, aligning with the imperatives of their generation, youth are urged to embrace pragmatism, collaboration, and global action to address pressing issues like climate change.
Acknowledging the current uncertainties and complexities faced by today’s youth, Minister Ong encourages resilience amidst choice paralysis. Drawing inspiration from young trailblazers and their pursuits, he advocates for proactive endeavours and a sense of purpose, irrespective of the challenges posed by geopolitical tensions or economic shifts. Embracing opportunities for personal growth, language proficiency, global experiences, and cultural exchanges emerge as pivotal strategies for navigating the evolving landscape.
Concluding on an optimistic note, Minister Ong positions today’s youth as pivotal architects of the future. Acknowledging that while he may not qualify as a youth per se, his sentiments align with the youthful spirit characterised by optimism, courage, and a relentless pursuit of positive influence and change. Encouraging a blend of realism and optimism, he urges the young generation to embrace their unique roles in steering societies toward a promising future.
Minister Ong encourages the youth to confront uncertainty, make choices, and pursue passions. The emphasis on strengthening bilingual skills and engaging in global experiences acknowledges the interconnected nature of the modern world, recognising that the potential of the youth transcends borders.
From digital arts to online cultural exchanges, digital platforms offer avenues for preserving and sharing cultural heritage. The younger generation has the potential to seamlessly integrate their cultural identity into the digital realm, contributing to a vibrant and inclusive cultural landscape.
Minister Ong Ye Kung’s comprehensive discourse underscores the intricate web of challenges and opportunities faced by today’s youth. From historical analogies to contemporary realities, his narrative serves as a compelling call to action, emphasising the role of youth in steering societies toward progress, unity, and resilience.
Singapore recognises the need to have comprehensive and inclusive development that engages all segments of its society. In alignment with its focus on adapting to rapid transformations, Minister Chan Chun Sing, echoing sentiments on the evolving landscape, emphasises the need for the business community to discard assumptions about entrenched global systems. His call for a mindset shift resonates with the challenges faced globally, urging adaptation to future uncertainties.
The government is committed to cultivating a globally competitive workforce. This involves significant investment in Singaporeans, coupled with collaborative efforts with trade associations, chambers, business leaders, and academic institutions to expedite the knowledge cycle.
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Amid the relentless surge of cybersecurity threats, governments and technology agencies must embrace heightened awareness and implement meticulous data protection strategies. The escalating cyber threats necessitate a proactive stance, where staying one step ahead is crucial to safeguarding crucial information assets.
In this dynamic digital landscape, where information is a commodity, governments must acknowledge the evolving nature of cyber threats and continuously fortify their cybersecurity measures. Rapid technological advancements bring new challenges, requiring adaptive and innovative solutions to balance potential vulnerabilities.
Collaboration between government bodies, regulatory agencies, and technology experts is paramount in fostering a collective defence against cyber threats towards data privacy. Sharing insights, intelligence, and best practices creates a robust cybersecurity ecosystem capable of anticipating and mitigating emerging risks.
To secure public information and ensure data privacy, Mr Prasert Chandraruangthong, the Minister of Digital Economy and Society, has initiated measures to combat leaks and the illicit trade of personal information. Recognising the situation’s urgency, the Minister outlined a comprehensive plan divided into three periods—30 days, six months, and 12 months.
During the first 30-day period, the Office of the Personal Data Protection Commission (PDC) established the Personal Data Violation Surveillance Centre to investigate public information disclosures promptly. The operations conducted this November inspected 3,119 government and private sector agencies. The PDPC detected data leaks in 1,158 cases, leading to corrective actions taken by the agencies in 781 instances. Notably, three issues of personal data trading were uncovered, prompting investigations and prosecutions in collaboration with The Police Technology Crime Investigation Headquarters.
Simultaneously, the PDPC, under the directive of the Police Technology Crime Investigation Headquarters, expedited inspections of 9,000 agencies within the next 30 days. This initiative targeted government agencies deemed critical information infrastructure (CII), including those in the energy, public health, government services, finance, and banking sectors.
During the inspections, the cybersecurity systems of 91 agencies were examined. Of these, 21 were identified as having high levels of risk, prompting corrective actions by the National Broadcasting and Telecommunications Commission (NBTC).
The third measure involves collaborative efforts between the National Council for Peace and Order (NCPO), NBTC, and relevant agencies such as the Thai Chamber of Commerce, Federation of Thai Industries, Thai Bankers Association, Thai Life Assurance Association, Thai Hotel Association, and the media sector network. The objective is to raise awareness about personal data protection and prevent potential risks from inadequate security procedures. This includes knowledge-sharing sessions on maintaining cybersecurity through Cybersecurity Awareness Training. The collaborative initiative emphasises preventing intrusion from outsiders, securing system settings, and enforcing the law within the purview of the authorities.
For the subsequent six-month period, the Ministry of Digital Economy and Society and the Department of Special Investigation (DSI) will expedite efforts to block illegal trading of personal information. Offenders will be actively pursued, prosecuted, and arrested to ensure a swift and effective response in safeguarding the privacy and security of individuals’ data.
This strategy underscores the government’s commitment to leveraging digital technology to fortify data protection measures and create a safer online environment for all citizens by partnering with other entities.
OpenGov Asia reported that Thailand is strategically addressing escalating cybersecurity concerns with a multi-faceted approach involving tech, partnerships, specialised task forces, public relations efforts and training programmes to fortify cyber resilience and foster innovation.
The Minister of Digital Economy and Society, Mr Prasert Chandraruangthong, along with Professor Wisit Wisitsaratha, Permanent Secretary of the Ministry of Digital Economy and Society, and ministry executives from affiliated agencies, recently conducted a meeting to review strategies to address cybercrime problems, notably personal data leaks. Thus far, Thailand has generated several ideas concerning cyber threats, particularly in financial cybersecurity. Mr Prasert Chandraruangthong has initiated several steps and frameworks to address these issues:
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In a gathering in New Delhi that reflected the significance of the issue, the Secretary of the Department of Financial Services (DFS), under the Ministry of Finance, spearheaded a comprehensive discourse. The focus was on unveiling the challenges and strategising against the burgeoning threats of cybercrime in the financial services sector, particularly the surge in online financial fraud incidents.
Critical issues discussed encompassed the imperative need for enhanced coordination among police, banks, and financial entities for real-time tracking and blocking of defrauded funds. Additionally, strategies to tackle the proliferation of mule accounts, augment response times to handle alerts on online financial frauds, and establish regional/state-level nodal officers were highlighted.

The meeting also emphasised the necessity of a central registry for merchant onboarding and KYC standardisation, as well as the importance of whitelisting digital lending apps through stakeholder consultation. Progress updates on implementing recommendations, such as setting up the Digital India Trust Agency (DIGITA) and the proposed legislation known as the ‘Banning of Unregulated Lending Activities (BULA) Act,’ were also on the agenda.
Lastly, an overarching consensus emerged: all stakeholders, including banks and financial institutions, must prioritise customer awareness and sensitisation programs to bolster digital payment security.
Attendees, including the Secretary of Telecom and high-ranking officials from multiple sectors such as DFS, Department of Economic Affairs (DEA), Department of Revenue (DoR), Ministry of Electronics & Information Technology (MeitY), Department of Telecom (DoT), Reserve Bank of India (RBI), Telecom Regulatory Authority of India (TRAI), Unique Identification Authority of India (UIDAI), Indian Cyber Crime Co-ordination Centre (I4C), National Payments Corporation of India (NPCI), as well as leading banks and financial institutions like State Bank of India (SBI), Bank of Baroda, Canara Bank, and others, converged for this pivotal discussion.
The Indian Cyber Crime Coordination Centre (I4C) from the Ministry of Home Affairs shared a concerning presentation. They highlighted the escalating statistics of digital payment frauds culled from the National Cyber Crime Reporting Portal (NCRP), shedding light on the diverse sources of financial frauds and the intricate modus operandi adopted by cybercriminals. This included exploring the challenges impeding efforts to counter these financial cybercrimes.
The meeting was not just a gathering of minds, but it explored preparedness. Participants assessed the readiness of banks and financial institutions to confront the escalating challenges posed by cyber threats in the financial domain. They delved into the rising trend of digital payment frauds and crafted a focused strategy to combat these attacks and scams head-on.
Moreover, key players like the State Bank of India (SBI), PayTM, and Razorpay showcased their distinct strategies for mitigating such fraudulent activities. SBI presented its Proactive Risk Monitoring (PRM) strategy, while representatives from PayTM and Razorpay shared their successful best practices.
Key takeaways from the deliberations included noteworthy statistics: 70 lakh mobile connections implicated in cybercrime/financial frauds were disconnected via digital intelligence platforms. Furthermore, a staggering Rs. 900 crore of defrauded money was safeguarded, benefiting approximately 3.5 lakh victims.
The meeting chaired by the DFS Secretary served as a pivotal juncture to fortify India’s financial sector against cyber threats. Collaboration among various agencies unveiled potent measures, disconnecting implicated mobile connections and safeguarding substantial defrauded funds. The discussions culminated in a roadmap to shield citizens from the insidious web of financial frauds, showcasing a unified resolve to combat cyber threats in the country’s financial ecosystem.