Govt launches ‘Financial Fraud Risk Indicator’ to safeguard mobile users

In a key step towards combating cyber fraud and financial crime via mobiles, the Department of Telecommunications (DoT) on Wednesday announced sharing of “Financial Fraud Risk Indicator (FRI)” with its stakeholders.

The multi-dimensional analytical tool, developed as part of the Digital Intelligence



Platform (DIP), empowers financial institutions with advanced actionable intelligence for cyber fraud prevention.

This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers, said the Ministry of Communications.