Razorpay - UPI Fraud

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ALL YOU KNOW ABOUT UPI FRAUD TYPES AND
PREVENTION TO SAVE MONEY
Best Payment Solution for Online Payments India
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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, its 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.
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What is UPI Fraud?
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, its 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
fraud happens when scammers steal your money or
sensitive information by breaking into your
account. And why wouldnt it be? You only need a
4-digit PIN to authorize your transaction, and
the deal is done in seconds. But, of course,
something so extraordinary comes with its share
of liabilities like the UPI scam UPI fraud,
and thats what well see in this article. Amid
a massive spike in online banking fraud UPI
fraud, HDFC Bank issued a warning to all online
banking users. According to the alert, fraudsters
steal money from users bank accounts via UPI. In
addition, hackers access users mobile phones
remotely through a device control app called
AnyDesk.
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TYPE OF ONLINE FRAUD/UPI FRAUD

• Best Payment Solution for Online Payments India
• Phishing
• Malware
• Money Mule
• SIM Cloning
• Vishing

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