India's I4C and RBIH Partner to Combat Cyber Fraud with AI Tools

On May 12, 2026, the Indian Cyber Crime Coordination Centre (I4C) signed a Memorandum of Understanding with the Reserve Bank Innovation Hub (RBIH) to deploy AI tools aimed at combating cyber fraud, particularly targeting mule accounts. Union Minister Amit Shah emphasized the initiative's importance in enhancing the security of India's digital banking ecosystem. The collaboration will integrate data from I4C's suspect registry with RBIH's AI-driven fraud detection systems, including MuleHunter.ai™, to identify and eliminate fraudulent accounts. This partnership aims to strengthen fraud-risk intelligence sharing and operational coordination among financial institutions. The initiative is part of the government's broader commitment to creating a cyber-secure Bharat, addressing the challenges posed by cyber-enabled financial fraud. The MoU was signed in the presence of key officials from both organizations, marking a significant step in enhancing cybersecurity measures in India.

Key Points: • I4C and RBIH signed an MoU to deploy AI tools for detecting cyber fraud. • The initiative focuses on identifying and dismantling mule accounts in the banking sector. • Data from I4C's suspect registry will enhance AI-driven fraud detection systems.