INCOME TAX9 Sept 2026
Cyber fraud stopped at source: How India’s FRI system saved ₹5,000 crore—and 6 steps to protect your money | Mint
Government's Financial Fraud Risk Indicator (FRI) stopped suspected cyber fraud of over ₹5,000 crore since May 2025. FRI instantly checks if a mobile number is linked to fraud when you pay. Banks and UPI apps use this to block risky transactions before money leaves. Report suspicious calls on Sanchar Saathi to help.
Key Statutory Highlights
- FRI has prevented suspected cyber fraud losses of more than ₹5,000 crore since its launch in May 2025.
- FRI classifies mobile numbers using inputs from Sanchar Saathi, the National Cybercrime Reporting Portal, telecom operators and financial institutions.
- Banks and UPI providers use the risk signal to stop or flag transactions involving high-risk mobile numbers in real time.
Actionable Advice for Taxpayers / Founders:Report suspicious calls or messages on the Sanchar Saathi portal or mobile app so your complaint adds to the intelligence used by FRI.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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