date

May. 23, 2025

time

3 Min read

description

News

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Businessworld – Govt Introduces Fraud Risk Indicator To Curb Mobile-based Financial Scams

In a major step to combat rising cyber fraud, the Department of Telecommunications (DoT) has introduced the Financial Fraud Risk Indicator (FRI), a multi-dimensional risk assessment tool aimed at protecting consumers and financial systems from mobile-linked financial scams. Developed under the DoT’s Digital Intelligence Platform (DIP), the FRI will serve as an early warning system by classifying mobile numbers into medium, high, or very high risk categories.

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