New Delhi, Feb. 12 -- Union Minister of Communications and Development of the Northeastern Region, Jyotiraditya Scindia, informed the Parliament that risk-based interventions and the Digital Intelligence Platform (DIP) prevented potential financial frauds amounting to over Rs 1,400 crore.

In a written reply in the Rajya Sabha on a question regarding the reduction in cyber and telecom frauds, the Minister highlighted the measures undertaken by the Department of Telecommunications (DoT) to secure the telecom ecosystem. He stated that these outcomes followed the implementation of the Financial Fraud Risk Indicator (FRI), a metric that categorises suspicious mobile numbers based on their probability of association with financial crimes.

The...