New Delhi, Dec. 22 -- : The Department of Telecommunications (DoT) on Monday said India's Financial Fraud Risk Indicator (FRI) has helped prevent cyber fraud losses worth approximately Rs 660 crore within just six months of its rollout, underscoring the growing impact of coordinated inter-agency action and citizen participation in combating digital financial crimes.
The FRI, launched on May 22, 2025, is being implemented through DoT's Digital Intelligence Platform (DIP). Its success, the department said, has been driven by active support from the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), which enabled large-scale onboarding across the financial ecosystem.
As of now, more than 1,000 entities, includ...