To curb the increasing fraud cases in India, the Department of Telecommunications has blocked approximately 3 to 4 lakh SIM cards. These SIM cards were being used for fraudulent activities. The Indian government has become strict to tackle spam, scams, and fraud. The rules for issuing SIM cards have also been tightened, and a surveillance system has been implemented to identify and monitor fraudsters.
According to the Financial Risk Indicator data released in May 2025, 2,000 SIM cards involved in financial scams are being caught daily. AI-based technology is used to detect, handle fraud, and identify SIM cards.
The advent of UPI has made transactions easier, but fraudsters have started using it to extort money from people. This is why all banks in India have already been advised to install Financial Risk Indicators in their systems. These indicators identify mobile numbers and categorize them into low, medium, and high-risk categories.
According to an ET report, this has helped in reducing the time taken to take action against fraudulent accounts. Using the Financial Risk Indicator, financial institutions and banks are able to prevent fraudulent transactions. Telecom companies are also increasing security in their network layers to protect people from fraud.
To avoid fraud, remember these things:
* Do not click on any suspicious links.
* Avoid unknown calls and messages.
* Use only official apps.
