DoT to Share Financial Fraud Risk Indicator Data With These Institutions

No more online fraud, government releases big update for Paytm, GPay, PhonePe users

Now making digital payments is going to be even safer. If you also use UPI apps like Paytm, PhonePe, Google Pay or BHIM, then this news is very important for you. The Department of Telecommunications (DoT) has launched a new security system with the aim of preventing online fraud. This new initiative is called Financial Fraud Risk Indicator (FRI). Its job is to identify mobile numbers that may be involved in fraud. If a number is being used for …

UPI Introduces New Security Update To Prevent Fund Transfer Errors

To enhance digital payment security, the National Payments Corporation of India (NPCI) has rolled out a new rule for UPI transactions. From now on, only the recipient’s official name as registered with their bank (the “ultimate beneficiary name”) will be displayed during and after a transaction. This change aims to prevent errors in fund transfers due to confusion caused by similar contact names or saved entries. With billions of rupees transact…

New DoT Fraud Detection Tool Set to Safeguard Users from Digital Payment Scams: Check Details

To combat this growing threat, the Department of Telecommunications (DoT) has launched a vital tool aimed at safeguarding mobile users—the Financial Fraud Risk Indicator (FRI).

DoT launches Financial Fraud Risk Indicator for secure digital payments

In a significant move to tackle cyber fraud and financial crime, the Department of Telecommunications (DoT) has launched the Financial Fraud Risk Indicator (FRI), a data-driven alert system designed to help financial institutions proactively prevent fraud. The FRI is an output of the Digital Intelligence Platform (DIP)—a multi-dimensional analytical tool developed by DoT that shares […] The post DoT launches Financial Fraud Risk Indicator for se…

DoT to Share Financial Fraud Risk Indicator Data With These Institutions

The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to alert users through its 'PhonePe Protect' feature.

DOT Launched Fraud Risk Indicator in India to Handle Digital Payment Frauds: Here's How it Works, Latest Updates, How to Use, Who can Use, Availability, ad More

Digital payments in India have become more common than anything in everyday life. However, it also associated with online fraud and several risk factors. With millions of users relying on mobile devices and internet banking for transactions, safeguarding users from financial scams has become a top priority for Indian government. In this regard, the Department of Telecommunications (DoT) has taken a crucial step and introduced a new tool to prote…