DoT tool blocks 4.8mn fraudulent transactions
New Delhi, Sept. 26 -- The department of telecommunications' Fraud Risk Indicator (FRI) has blocked at least 4.8 million fraudulent transactions since its launch in May, preventing citizens from losing more than Rs.140 crore to scammers.
The success comes as DoT signed a memorandum of understanding with the finance ministry's Financial Intelligence Unit-India (FIU-IND) on Thursday, expanding the anti-fraud network's reach. Under the agreement, DoT will share data from its FRI system and Mobile Number Revocation List, while FIU-IND provides details of mobile numbers linked to suspicious transactions, money mule accounts, and cyber fraud cases.
"The idea is to stop crime at its source, preventing citizens from unknowingly handing over their h...
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