Why in the news?

  • India’s Financial Fraud Risk Indicator (FRI) has successfully averted cyber fraud losses of around ₹660 crore.

Financial Fraud Risk Indicator (FRI)

  • What is it?: It is a risk-based analytical tool designed to assess the likelihood of a mobile number being involved in financial fraud.
  • Launch: Launched in 2025 by the Department of Telecommunications’ (DoT) Digital Intelligence Unit (DIU).
  • Features:
    • Mobile numbers are classified into three risk categories: Medium Risk, High Risk and Very High Risk.
    • The risk classification is based on multi-source intelligence- National Cybercrime Reporting Portal (NCRP), DoT’s Chakshu platform and Inputs and intelligence shared by banks and financial institutions.
    • The risk assessment is immediately shared with all stakeholders via the DoT’s Digital Intelligence Platform (DIP).

Source: The Hindu