Financial Fraud Risk Indicator helps prevent cyber fraud losses worth ₹660 crore within six months of launch
India's Financial Fraud Risk Indicator (FRI) has helped prevent cyber fraud losses worth approximately ₹660 crore within just six months of its rollout, according to a Ministry of Communications release. The FRI, it stated, underscores the growing impact of coordinated inter-agency action and citizen participation in combating digital financial crimes.
“Launched on May 22, 2025, FRI is being implemented through DoT’s Digital Intelligence Platform (DIP). The achievements of the FRI are driven by the active support of the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), leading to the large-scale onboarding of banks, financial institutions, and Third-Party Application Providers (TPAPs) on the Digital Intelligence Platform,” the release said.
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