India rolls out ‘Fraud Risk Indicator’ to help banks, UPI apps flag suspicious mobile numbers

The Department of Telecommunications (DoT), on Wednesday, launched the “Financial Fraud Risk Indicator” (FRI) to curb cyber fraud. This new intelligence tool is said to classify mobile numbers based on their likelihood of involvement in financial scams, Ministry of Communications said in a release.

The FRI, developed under the DoT’s Digital Intelligence Platform (DIP), assesses risk levels—Medium, High, or Very High—based on data from multiple sources including the National Cybercrime Reporting Portal, the Chakshu platform, and inputs from…