NEW DELHI: Paytm Payments Bank Ltd (PPBL) on Monday said it has added a new feature that analyses “rogue” apps on user devices that may trigger fraudulent transactions and advises users to uninstall such apps.
It is also leveraging artificial intelligence to immediately identify and block suspicious activities, and is undertaking periodic awareness drives throughout the country to educate users about fraud calls and SMSes, the bank said.
“PPBL is taking major counter measures to safeguard user accounts. The bank using the latest cybersecurity tools has introduced a host of important updates. The brand new feature analyses ‘rogue’ apps on user devices which might trigger fraudulent transactions and advises users to uninstall them,” it said in a statement.
PPBL MD and CEO Satish Gupta said the bank is putting all efforts and resources into ensuring every user transaction is safe and secure on its platform.
“This security feature will scan the apps installed on the user device and will pop-up a security alert whenever a dangerous app is found that may put the users’ accounts at risk. No transactions will be possible until the user uninstalls that fraudulent app,” he added.(AGENCIES)
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