Financial Fraud Risk Indicator (FRI): Recently, the Department of Telecommunications (DoT) launched the Financial Fraud Risk Indicator (FRI), a data-driven tool to help financial institutions identify mobile numbers potentially linked to fraud.
၀ The tool draws intelligence from multiple sources:
- Reports filed on the National Cybercrime Reporting Portal (NCRP) by the Indian Cybercrime Coordination Centre (I4C)
- DoT’s Chakshu platform
- Alerts and reports from banks, NBFCs, and UPI platforms.
၀ This intelligence is then shared with banks, UPI providers, and other financial institutions via the Digital Intelligence Platform (DIP).
၀ FRI helps institutions implement additional customer protection measures or block high-risk transactions linked to flagged numbers.
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