Hyderabad Police Commissioner V C Sajjanar held a crucial meeting with representatives from 45 banks to address the growing issue of cyber fraud linked to bank accounts. This meeting followed the successful 'Operation Octopus', which targeted organized cyber fraud networks and led to the arrest of multiple bank officials involved in opening mule accounts. Sajjanar highlighted that these fraud networks operate primarily from countries like Cambodia, Vietnam, and Dubai, using intermediaries in India to exploit bank systems. He proposed a twin-challenge framework that shifts bank priorities from merely opening accounts to ensuring customer safety and institutional integrity. This includes embedding safety metrics as Key Performance Indicators (KPIs) at the branch level, with rewards for compliance. He stressed the importance of strict KYC (Know Your Customer) compliance, enhanced due diligence, and real-time monitoring to achieve the goal of zero cybercrime victims. The police also revealed that a network of 350 bank accounts was linked to around 850 cases of fraud, involving transactions totaling nearly ₹150 crores (approximately $18 million USD). The operations have led to significant arrests, including 117 individuals during the first phase and 52 in the second, including 32 bank officials.