Cyber thugs are in trouble now, a powerful weapon has come against digital fraud

Cyber ​​Fraud: To curb cyber fraud, the government has launched the 'Financial Fraud Risk Indicator' (FRI) tool, which will help banks, UPI and financial institutions in additional security checks by identifying suspicious mobile numbers. This tool tells the level of risk through digital intelligence platform to prevent fraud. Platforms like PhonePe have already started using it, which has given new strength to cyber security. This step will make digital transactions secure.

Cyber ​​Fraud: Cyber ​​criminals who steal money from people's accounts through cyber fraud are now in trouble. On Wednesday, the government has launched a strong weapon to keep a strict eye on their activities and catch them. It is reported that the Department of Telecommunications has launched 'Financial Fraud Risk Indicator (FRI)' to deal with financial fraud. This tool will help prevent cyber crime by sharing intelligence with banks, UPI service providers and financial institutions.

Strict monitoring of suspicious numbers

The FRI tool identifies a mobile number as suspicious for fraud. The system applies additional security checks and verifications when digital payments are attempted from such numbers.

Quick and collaborative action

FRI enables rapid targeted action against suspicious activities in the telecom and financial sectors. It is based on the multi-dimensional analysis of the Digital Intelligence Platform (DIP).

The level of risk will be clear

The tool classifies mobile numbers as 'medium', 'high' or 'highest' risk. This classification is based on information received from the National Cyber ​​Crime Reporting Portal, Chakshu Platform and financial institutions.

Banks and UPI will get strength

FRI empowers banks, non-banking financial companies (NBFCs) and UPI service providers to implement additional security measures against high-risk numbers.

Timely action, attack on fraud

The numbers involved in cyber fraud are often active for a few days only. FRI's advance risk indicator helps in taking quick action, thereby reducing the time taken for full verification.

PhonePe showed the way

Digital payment platform PhonePe has started rejecting transactions from the highest risk numbers by adopting FRI. This is setting a new standard in cyber security.

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