There are several scams in the digital-payment space. It would be wise to get an idea on them, before losing hard earned money. As cashless payments rise each day, fraudsters have come up with innovative ways to defraud gullible people. Let’s take a look at some of the innovative scams in the digital space and how to stay safe from them.
Never take help from strangers to make payment transactions. Always download official apps.
IRDA the insurance regulator does not sell insurance plans.
The income tax department directly credits tax refunds to your bank account mentioned when filing ITR.
Do not click on any link received via SMSes. Always rely on official websites or bank branches to complete the process.
Fake UPI-based payment links: You need a 4-digit PIN to authorize UPI transactions. Many fraudsters send bogus emails to access sensitive information. If you enter password or PIN details into this fraudulent site, hackers misuse the information.
A Pune-based trader was asked to transfer a nominal amount of just Rs 10 from his digital wallet. This was shown as a registration fee to start the process of buying a scooter online. He received payment links where he was to enter the UPI ID and OTP. This information was used to fleece him of Rs 1.53 Lakhs from his bank account.
Always use official BHIM or bank UPI apps. Check for authenticity of links.
Never make hacking an effortless job for fraudsters. Always set tough passwords which are difficult to hack. Never use passwords or PINs which are easy to decode. Always check for verified-by-twitter blue ticks when interacting with NPCI.
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