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UPI, being one of the foundation stones of the digital economy, needs to be airtight when it comes to security. With UPI transactions hitting an all-time high this year, itu2019s no surprise that UPI has been one of the most preferred payment methods in recent times.
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ALL YOU KNOWABOUTUPIFRAUDTYPESAND PREVENTIONTOSAVEMONEY BestPaymentSolutionforOnlinePaymentsIndia
UPI, being one of the foundation stones of the digital economy, needs to be airtight when it comes to security. With UPI transactions hitting an all-time high this year, it’s no surprise that UPI has been one of the most preferred payment methods in recent times. So, with the popularity and presence in the digital world, it is more prone to UPI fraud, UPI scams and hacking.
UPI, being one of the foundation stones of the digital economy, needs to be airtight when it comes to security.WithUPItransactionshittinganall-timehighthisyear,it’snosurprisethatUPIhasbeenoneofthe mostpreferredpaymentmethodsinrecenttimes.So,withthepopularityandpresenceinthedigitalworld,it is more prone to UPI fraud, UPI scams and hacking. UPI fraud happens when scammers steal your money or sensitiveinformationbybreakingintoyouraccount. Andwhywouldn’titbe? Youonlyneeda4-digitPINtoauthorizeyourtransaction,andthedealisdoneinseconds.But,of course,somethingsoextraordinarycomeswithitsshareofliabilitiesliketheUPIscam&UPIfraud, andthat’swhatwe’llseeinthisarticle. Amidamassivespikeinonlinebankingfraud&UPIfraud,HDFCBankissuedawarningtoallonline bankingusers.Accordingtothealert,fraudstersstealmoneyfromusers’bankaccountsviaUPI.In addition, hackers access users’ mobile phones remotely through a device control app called AnyDesk. WhatisUPIFraud?
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