Save This Number 1930… Know the Best Ways to Avoid UPI Fraud
According to government reports, UPI payments are the new target of cyber thugs. With 77 thousand reported fraud cases in 2020-21, 84 thousand in 2021-22, and 95 thousand in 2022-23, UPI fraud is clearly on the rise. It’s no surprise, given that UPI has become the simplest and most straightforward method of digital payment today. However, this ease of use has also become a major source of fraud. While UPI payments cannot be stopped entirely, basic precautions can be taken to avoid becoming a victim of fraud. Let’s take a look at some effective strategies.
Avoid UPI Fraud
1. Exercise Caution While Making UPI Payments
It is critical to exercise caution when making payments via UPI. Pay attention to the name of the person or business that appears on the screen when scanning a QR code or entering a mobile number. If there is a difference, check with the intended recipient. There have been reports of fraudsters changing QR codes at stores, resulting in unintended payments. To avoid such scams, it is critical to exercise extreme caution when making payments in unfamiliar locations.
Avoid UPI Fraud
2. Beware of Emotional Manipulation
A distinct type of UPI fraud involves money being transferred into your account and then receiving a distressing phone call. The caller tells a heartbreaking story about a mother’s illness, a sister’s marriage, or a brother’s accident and asks for a refund. This emotional manipulation frequently leads to individuals agreeing to the refund without further questioning.
However, it is critical to use your critical thinking skills. If someone genuinely sends you money, request their account number and proceed with safe methods such as NEFT or bank deposit. If you are sceptical, tell the person to go to your bank and file a complaint. Remember to let your mind take precedence over your emotions.
Avoid UPI Fraud
3. Utilize Every Layer of Safety in UPI Apps
Make full use of the security features available in UPI apps to improve your security. To increase the complexity, use a 6-digit password rather than the standard 4-digit one. Implement additional security measures such as screen lock, face lock, fingerprint lock, or any other options that your smartphone supports. Using multiple layers of security reduces the possibility of unauthorized access to your UPI account. It is also recommended that only one bank account be linked to the UPI app. In the event of a mishap, potential criminals will only have access to one account, limiting the potential damage.
Avoid UPI Fraud
4. Save the Number 1930 for Reporting UPI Fraud
With the number of cases of UPI fraud increasing, it is critical to have a reliable recourse. Save the number 1930 to your smartphone because it is associated with the National Cyber Crime Reporting Portal. If you become a victim of UPI fraud, call this number right away to report the incident and seek help from the authorities. Prompt action can help with investigations and the prevention of future fraud attempts. Saving this number ensures quick access to the necessary assistance when it is required.
Avoid UPI Fraud
Stay Safe from UPI Fraud
As UPI payments become more popular, they attract the attention of cybercriminals. However, you can reduce the risk of UPI fraud by being cautious, avoiding emotional manipulation, utilizing all available safety features, and reporting incidents promptly. It is critical to remain watchful, stay up to date on the latest scams, and stick to the best practices outlined in this article. We can collectively create a safer digital payment ecosystem and protect ourselves from UPI fraud by taking these precautions. Remember to save the number 1930 to protect yourself from cyber fraud!
Read Also:
https://www.youtube.com/@TechnicalDost
Avoid UPI Fraud