Fraud detection indicator: In the era of cyber fraud, the risk for society and common man has increased, in such a situation, the Government of India is constantly taking steps to curb it. On 21 May 2025, the Department of Telecommunications launched a new initiative called ‘fraud identity indicator’ to detect financial fraud in mobile phones. Let us look at all the information related to it.
This will be the identity of fraud
In its mission to eliminate cyber crime and bank fraud through mobile and computer equipment, the Indian government continues to launch new campaigns and inform citizens. This time, the Government of India has started an intelligence sharing mission with banks and other financial institutions. In this new announcement about the fraud detection indicators, the Government of India will work closely with several banks, UPI interfaces and financial institutions to implement this fraud -detection scheme. The government will formulate a scheme that will be used for information and alert whether any risk of fraud is included or not.
What is ‘fraud identity indicator’?
The fraud identity indicator will basically be a metric. In this, the government will investigate with banking institutions which citizens are at risk of financial fraud. First, mobile number and banking details will be examined. The citizens concerned will be informed. Then, banking institutes will initiate serious measures to protect them from fraud. UPI brands like Phonpe, Paytm, Google Pay have participated with the Department of Telecommunications of India. They will support this mission and increase the security levels of UPI and banking transactions.
