Citizens’ Money Saved before It Is Lost: Financial Fraud Risk Indicator (FRI) Prevents Suspected Cyber Fraud transactions of over ₹5,000 Crore

The Department of Telecommunications (DoT) reports that its Financial Fraud Risk Indicator (FRI), launched on 22nd May 2025 under the Digital Intelligence Platform (DIP), has helped prevent suspected cyber fraud losses exceeding ₹5,000 crore within fifteen months. The FRI framework assesses in real time the likelihood that a mobile number is associated with financial fraud by drawing on inputs from the Sanchar Saathi platform, NCRP, telecom operators, and financial institutions. This risk intelligence is shared securely with banks, payment service providers, insurers, and securities intermediaries to flag high-risk transactions before losses occur. The initiative involves cross-sectoral collaboration with RBI, NPCI, SEBI, and law enforcement agencies to shift fraud management from a reactive recovery model to proactive prevention.