It is too easy to obtain and breach KYC data collected from customers by banks, mobile phone companies and other organisations, Jyotipriya Singh, deputy commissioner of police, cyber crime and economic offences wing, Pune, has said.
KYC or know your customer data relates to highly sensitive information such as a person’s Aadhar Card number, PAN number issued by the Income Tax department, date of birth, address proof, driving licence number, all of which which is required to establish a person’s identity.
However, there are numerous instances across the country where this data has been misused by criminals to create false identities and commit financial frauds.
DCP Singh, who has now been deputed to the National Investigation Agency (NIA), added, “The KYC policy has to be stronger. It is too easy to get (and misuse) a KYC. It misleads the investigation when the KYCs are misused.”
During her tenure of six months in Pune, DCP Singh has investigated the Cosmos bank hacking and fraud case worth Rs 94 crore
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