Hyderabad: Bank of Baroda organised the Cyber Crime Awareness Program in Hyderabad on Friday, bringing together senior banking executives, regulators and law enforcement officials to strengthen coordination against cyber fraud and financial crimes.
The programme took place at Ravindra Bharathi Auditorium and focused on improving institutional response mechanisms, fraud prevention strategies and inter-agency cooperation in Telangana.
Hyderabad City Police Commissioner V.C. Sajjanar and DCP (Cyber Crimes) V. Aravind Babu attended the event as chief guests.
Bank of Baroda Executive Director Beena Vaheed, Reserve Bank of India Regional Director Chinmoy Kumar and State Level Bankers’ Committee Convenor Satish Kumar also participated.
Cyber Crime Awareness Program focuses on rapid response
Addressing the gathering, Beena Vaheed said cybercrime had evolved into a major systemic challenge requiring coordinated action by banks, regulators and law enforcement agencies.
She stressed that banks must act quickly when customers report fraud.
According to her, officials should immediately freeze beneficiary accounts, coordinate with receiving banks and ensure prompt reporting to police and cybercrime authorities.
She highlighted the importance of the “golden hour” in cyber fraud recovery and called for stronger operational preparedness across institutions.
Cyber Crime Awareness Program highlights police coordination
Commissioner V.C. Sajjanar said cybercriminals operated across jurisdictions and used sophisticated methods to commit offences.
He emphasised that timely information from banks played a critical role in tracing transactions, freezing funds and apprehending offenders.
Sajjanar urged bank officials to treat cyber fraud complaints with the same urgency as physical crimes.
Meanwhile, RBI Regional Director Chinmoy Kumar highlighted the regulatory framework created to address cyber fraud.
He said frontline banking staff, internal escalation mechanisms and real-time coordination with enforcement agencies remained vital for customer protection.
Cyber Crime Awareness Program strengthens fraud prevention
The programme examined the complete response process that banks should follow after receiving fraud complaints.
Participants discussed the importance of swift action during the initial hours after fraud detection.
They also reviewed methods to improve information sharing between banks and law enforcement agencies.
In addition, discussions focused on identifying procedural gaps at branch level and strengthening the role of frontline staff in fraud response.
Bank of Baroda stated that cybersecurity remained a key pillar of its customer protection strategy and that awareness programmes played an important role in enhancing institutional preparedness.