Safeguarding Your Finances: Understanding UPI Frauds and Mitigating Risks
Understanding UPI Frauds:
With the rapid growth of digital transactions in India, the Unified Payments Interface (UPI) has emerged as a popular and convenient mode of transferring money. However, with the increased adoption of UPI, there has also been a rise in various types of frauds targeting unsuspecting users. In this article, we will explore common types of UPI frauds and provide valuable tips on how the general public can mitigate the risks associated with them.
Types of UPI Frauds:
Phishing Attacks:
Fraudsters often use deceptive emails, messages, or fake websites to trick users into revealing their UPI credentials.
Mitigation: Be cautious of unsolicited messages or emails. Always verify the authenticity of the website and double-check the sender's details befor...