RBI Advises Banks To Use DoT’s Financial Fraud Risk Indicator To Prevent Cyber Swindling | Economy News
New Delhi: The Department of Telecommunications (DoT) sees the RBI’s advisory to banks to integrate the Financial Fraud Risk Indicator (FRI) developed by it into their systems as a “watershed moment in the fight against cyber-enabled financial frauds”. The RBI’s advisory to all scheduled commercial banks, small finance banks, payments banks, and co-operative banks, issued…