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The emergence of UPI as an online payment platform has made daily transactions easier. As it has grown in popularity, many people have converted to online upi payment apps for routine transactions. As a result, the number of UPI fraud cases in India has risen. It is critical to be aware of online scams. This blog will discuss how to protect your UPI account against scams.
Sharing your UPI PIN or OTP:
One important mistake to avoid is providing your UPI PIN and OTP to any customer service agent pretending to be from a bank or government organization. Remember that no bank or government entity will ever ask for your UPI PIN, OTP, or password. So, if you receive a call requesting your UPI information, be confident the person is a fraudster.
Be Cautious About the Links You Click On, Particularly in Emails and Messages.
Fraudsters frequently send phishing emails and SMS messages that contain links to bogus websites. These websites may appear from your bank or the UPI app provider but are designed to steal your data. Do not click on any links sent to you by strangers. Instead, visit the company’s website and log in there.
Responding to Phishing Calls and Messages:
Phishing is a frequent tactic that fraudsters employ to fool others. They may also send bogus SMS with links to websites that seem legitimate UPI payment platforms. Once you enter your information on these phony platforms, the attackers will grab your credentials and use them to get access to your accounts.
Ignoring Application Permissions:
When installing a UPI app or any other mobile application, many consumers must understand why they must grant all the necessary permissions. Some fraudulent or harmful apps may request unnecessary permissions, such as access to contacts, messages, and even device settings, which they might use to collect sensitive information and perpetrate fraud.
Responding to Fake Cashback or Reward Offers:
Fraudsters frequently entice users with the promise of cashback or prizes. They send messages or emails alerting users that they have won a lottery or award and requesting UPI information to claim the prize. Once consumers exchange information, scammers might use it to conduct fraud.
Not Logging Out After Transactions:
Some users neglect to log out of the app after completing a UPI transaction, causing the session to remain open. Someone with physical access to the device can exploit this error, allowing them to view their financial information and conduct transactions. Once you check bank balance in the UPI payment app, you should immediately log out.
Ignoring Security Updates:
Cybercriminals continuously find new ways to exploit software security flaws, and developers regularly provide patches to address these vulnerabilities. However, many users ignore or postpone applying these updates, leaving them vulnerable to known security dangers.
Winding It Up:
Avoiding the typical faults mentioned above can drastically lower your chances of falling victim to UPI fraud. You should select the mobile banking app that offers several security features. Stay attentive, protect your personal information, and verify your transaction history regularly to ensure your UPI experience is safe and secure.
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