In today’s digital age, online payments offer unparalleled convenience but also present significant risks of fraud. Cybercriminals are continuously devising schemes to defraud individuals of their finances. Let’s unravel the five most prevalent online payment scams in India that demand your attention and caution.
1) Phishing Attacks
Remain vigilant for suspicious links or messages related to financial transactions. Report any such communication to appropriate authorities like the cybercrime department. Cybercriminals craft deceptive emails or websites to extract sensitive information, like login credentials and financial details.
2) Identity Theft
Personal information misuse leads to unauthorized access to accounts and fraudulent transactions.
3) Fake Delivery OTP Scam
Despite increased business awareness, scammers manipulate customers through OTP requests during the delivery process. They employ cunning tactics to extract OTPs and gain access to sensitive information.
4) Fake QR Codes
Fraudsters leverage fake websites and QR codes to deceive users into making payments for non-existent products.
5) UPI Fraud
The convenience of UPI transactions also provides an avenue for fraudsters. Individuals are manipulated into unauthorized transactions or sharing their UPI PINs.
These scams highlight the myriad ways innocent victims fall prey to online fraud, emphasizing the importance of staying vigilant and informed to safeguard your hard-earned money.
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