Google Launches 'DigiKavach' to Combat Financial Frauds in India

• 21 Oct 2023

On 19^th October, 2023, Google introduced 'DigiKavach' in India during the ninth edition of its annual Google for India event, held in Delhi. This initiative aims to prevent financial frauds across the country.

Key Points

• About DigiKavach: DigiKavach is described by Google as an early threat detection and warning system. Its primary purpose is to identify and analyze emerging financial fraud patterns before they can cause significant harm.
• Understanding Scammers' Methods: Google's teams will delve into the methods and modus operandi employed by scammers. They will then use these insights to detect potential threats at an early stage.
• Collaboration for Effective Insights: The teams will collaborate with a broader ecosystem to efficiently share their insights. This collaborative approach enhances the effectiveness of threat detection.
• Partnership with Fintech Association for Consumer Empowerment (FACE): Google is partnering with the Fintech Association for Consumer Empowerment (FACE) as part of this initiative. FACE will prioritize flagging potential threats.
• Efforts against Predatory Digital Lending Apps: DigiKavach is a component of Google's ongoing efforts to combat predatory digital lending applications available on the Play Store in India.