“We are trying to address the issue of unsolicited commercial communication (UCC) through the joint committee of financial regulators such as the RBI and Sebi,” Trai secretary V Raghunandan told ET. He said that the panel analysed the matter and has identified certain areas in a bid to find ways to prevent financial frauds largely aimed at luring mobile subscribers with a phishing link. Last week, Trai chairman PD Vaghela had led a detailed discussion with financial sector regulators.
“They (fraudsters) share a URL with some changes that lead to a phishing site. We are trying to address it by asking principal entities such as banks and other financial institutions to whitelist their websites or links,” Raghunandan said.
A whitelist is a mechanism that labels some identified entities as authentic or trustworthy. It is typically an ‘allow’ list and is used as part of a cybersecurity strategy that approves a list of email addresses, IP addresses, domain names or applications, while denying all others. The process to check phishing involves scrubbing a link, shared by an attacker, with those whitelisted already. A malicious URL would eventually be dropped…
