The Department of Telecommunications (DoT) shared that the achievements of the financial fraud risk indicator (FRI) are driven by active support of the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), leading to large-scale onboarding of banks, financial institutions, and third-party application providers (TPAPs) on the Digital Intelligence Platform (DIP). As on date, more than 1000 banks, TPAPs, and payment system operators (PSOs), have onboarded the DIP and started adopting FRI actively. DoT is also conducting regular knowledge-sharing sessions with stakeholders to enhance awareness and effective implementation of FRI, with 16 sessions held.
With the help of FRI, Rs 6.60 billion cyber fraud losses have been prevented in just six months since its rollout on May22, 2025. As reported by various public sector banks, private sector banks, co-operative banks, TPAPs and other financial institutions, a large number of suspicious transactions have been either declined or issued with alerts by leveraging the FRI available on DIP of DoT, thereby preventing potential financial losses of approximately Rs 6.60 billion across the banking ecosystem.
India’s cybercrime landscape has shifted dramatically in recent years, with fraudsters operating like well-organised digital cartels. From digital arrest scams to sophisticated SIM-box networks bypassing legal telecom routes, the threat is evolving faster than ever. Yet, amid this complexity, one factor has emerged as the most decisive force in combating cybercrime: Jan Bhagidari. Citizens, through Sanchar Saathi, which has emerged as India’s most powerful crowdsourced cyber-intelligence tool, are providing continuous inputs for financial fraud risk indicator.
