New Delhi, Dec. 22 -- 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, according to a Ministry of Communications release.

FRI, it said, underscored the growing impact of coordinated inter-agency action and citizen participation in combating digital financial crimes. Launched on May 22, 2025, FRI is being implemented through DoT's Digital Intelligence Platform (DIP).

Achievements of the 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 Digita...