The Department of Telecommunications (DoT) has launched the Financial Fraud Risk Indicator (FRI) to combat cyber fraud by flagging mobile numbers based on their risk level—Medium, High, or Very High. This system, part of the Digital Intelligence Platform, shares real-time intelligence with banks, NBFCs, and UPI providers. It uses data from the Indian Cybercrime Reporting Portal, the Chakshu platform, and financial institutions. High-risk numbers may trigger declined transactions or alerts. PhonePe is an early adopter, using FRI to block Very High-risk transactions and alert users of Medium-risk ones.

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