Financial Fraud Risk Indicator
Financial Fraud Risk Risk Indicators (FRI) will now be used as weapons to tighten the screws on cyber crime. Under FRI, government agencies monitor the mobile number involved in cyber crime. Such numbers are kept in three classes. For high risk numbers, now all financial institutions including banks are alerted, which can warn their customers for the amount to be sent and sent to the account that is being used in cyber crime related to such a mobile number.
Fri system launched in May 2025
The Digital Intelligence Unit (DIU), the Ministry of Telecommunications, launched a new system named FRI in May 2025. Its full name is Financial Fraud Risk Indicator. This system distributes a mobile number into three categories (medium, high and very high risk), so that it can be known how much danger is there of cheating from that number. This information is prepared by meeting many sources. Such as National Cyber Crime Reporting Portal (NCRP), Dot’s Chakshu platform and intelligence reproid by banks and financial institutions.
The advantage of this is that banks, NBFCs (non-banking financial companies) and UPI services can decide which mobile number is to be more vigilant. If the risk of a number is high, then they can take additional steps for the safety of the user. Apart from this, the Digital Intelligence Unit (DIU) Mobile Number Circulation List (MNRL) also prepares.
How will Fri work?
Digital Intelligence Unit shares this list with all concerned institutions. This list contains details of mobile numbers that have been closed due to failure in cybercrime, fraud, misuse or base verification. Many of these numbers are used in fraud. The graph of cybercrime in the country is continuously increasing.
Digital fraud suffered so much damage in 2014-15
Scammers are emptying people’s pockets by adopting various tactics. In the same year, it was told by the Finance Ministry that as online payment has increased in the last 10 years, the number of digital crime has increased. In the year 2014-15, there was a loss of 18.46 crores due to digital fraud. Cyber thug cases come up every day. Many things make people a victim by sending a link.
As soon as people click on such a link, they get caught in the jam of cyber thugs and lose their hard earned money. For how to curb this, the government is working at many levels for this. Various programs are also being run to make people aware.