The Department of Telecommunications (DoT) has introduced amended cybersecurity rules to combat the rising incidence of cyber frauds, including phishing. This includes the establishment of a mobile number validation (MNV) platform, which will enable banks, financial institutions, and other entities to verify KYC details directly with telecom providers. While some stakeholders express concerns about privacy implications and the broad scope of the rules, officials assert that the regulations primarily target telecom operators, allowing other industries to participate voluntarily. The initiative has garnered support from the parliamentary standing committee on home affairs, emphasizing its potential to enhance security and accountability in financial transactions, thereby contributing to a safer digital environment in India.