<ul data-eligibleForWebStory="false"><li>The RBI has directed banks to integrate DoT's financial fraud risk indicator (FRI) to combat cyber frauds.</li><li>The FRI is a risk-based metric that flags mobile numbers associated with financial fraud, aiding in preventive measures by banks and financial institutions.</li><li>The National Quantum Mission (NQM) is establishing a task force to help banks adopt quantum technologies for enhanced cybersecurity.</li><li>India has witnessed a rise in cybercrimes, with measures being taken to block SIM cards, IMEIs, and combat online frauds against startups and organizations.</li></ul>

RBI Directs Banks To Integrate DoT’s Tool To Curb Cyber Frauds

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