UPI users alert: Staggering Rs 485 crore lost to fraud in the first half of 2024-25
3 weeks, 4 days ago

UPI users alert: Staggering Rs 485 crore lost to fraud in the first half of 2024-25

India TV News  

The popularity of digital payments in India has skyrocketed, especially with the rise of smartphones and the Internet. Shocking Figures on Fraud A recent report revealed that in the first half of the year 2024-25, Indians lost around Rs 485 crore due to online fraud related to UPI payments. Looking back at previous years, in 2022-23, about 2.7 million people were victims of online payment scams, losing a staggering Rs 2,145 crore. In the following year, from 2023-24, more than 1.3 million fraud cases were logged, resulting in losses of Rs 1,087 crore. Government's Response The government has acknowledged that the rise in UPI fraud is closely tied to the increasing number of users.

History of this topic

As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it
3 days, 19 hours ago
UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
1 week, 1 day ago
Karnataka Reports Rs 109 Crore Digital Fraud
1 week, 4 days ago
Cyber Crime Wing of Tamil Nadu police warns of new UPI scam
2 weeks, 3 days ago
India lost over ₹11,000 crore to cyber scams in first 9 months of 2024: Report
3 weeks, 5 days ago
Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police
1 month, 1 week ago
UPI merchants: THESE steps can help you avoid UPI-related scams
1 month, 1 week ago
Beware! New scam using TRAI’s name could drain your bank account
1 month, 1 week ago
BSNL, Jio, Airtel, Vi users attention! TRAI warns of new scams targeting mobile users
1 month, 1 week ago
Indians Lost a Record-Breaking ₹120 Crore in Digital Arrest Frauds in Q1 of 2023: Report
1 month, 3 weeks ago
Cybercrime in India: A staggering loss of Rs 14,600 crore
2 months, 2 weeks ago
Online financial fraud cases on the rise in Puducherry
3 months ago
Cybersecurity vital for progress: Shah
3 months, 1 week ago
Chandigarh: Lost money to cyber fraud? Call 112 to freeze transaction instantly
3 months, 2 weeks ago
Cyber fraudsters prey on medicos exploiting poor vigil
3 months, 2 weeks ago
Fraudulent transactions at IndusInd bank: ₹32.89 crore of ₹40 crore recovered
4 months, 3 weeks ago
8,231 online false job promise cases reported in Karnataka since 2020
5 months ago
Telangana: Fake UPI Apps Put People’s Trust in epayments in Risk
5 months, 2 weeks ago
Online fraudsters siphon off ₹15.34 crore from Kozhikode city in past six months
5 months, 2 weeks ago
Indians report nearly 800 online financial fraud cases a day, are you protected? Report
5 months, 4 weeks ago
Banks rely on AI as digital transactions grow, and methodology of frauds evolves
7 months, 2 weeks ago
The UPI paradox: Making you overspend but helping others save
7 months, 2 weeks ago
₹5.2 crore gone in a click: Bengaluru man conned by online fraudsters via WhatsApp
7 months, 4 weeks ago
Spurt in cybercrimes sees Telangana citizens lose ₹150 crore in one month
8 months, 2 weeks ago
Dial 1930 within ‘golden hour’ in cyber fraud cases: DGP Haryana
9 months ago
Beware of scams under guise of PM Jan Dhan Yojana offers: TN cops
9 months, 4 weeks ago
Fraud Losses Increasing in India, Finds Study
10 months, 1 week ago
Finance ministry meets to discuss rising online financial frauds
10 months, 1 week ago
Watch | How to protect yourself from cyber crimes
10 months, 2 weeks ago
Mumbai woman stops tricky UPI Scam – Sees warning signs | Read details
11 months, 2 weeks ago
200 People Falling Prey to Cyber Frauds Every Day: Delhi Police
11 months, 2 weeks ago
UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
11 months, 3 weeks ago
Govt of India bans over 100 fraudulent Chinese websites in crackdown on China-operated financial scams
1 year ago
Here is how you can recover money lost in UPI or banking fraud
1 year ago
Cyber fraud alert! How Infosys techie lost Rs 3.7 crore to scamsters? 5 things to know
1 year ago
‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000
1 year ago
Govt plans to introduce 4-hour window to reverse online payments above ₹2,000
1 year ago
Indians are Losing Lakhs in New Fraud: What is Courier Scam and How to Stay Safe
1 year, 1 month ago
Online financial fraud value ballooned between 2002-2023: Govt tells Parl panel
1 year, 1 month ago
Online scams hurt India's financial stability. A court order explains how
1 year, 1 month ago
Coimbatore cybercrime police recover ₹33.76 lakh lost by people in online scams
1 year, 2 months ago
UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report
1 year, 2 months ago
Hyderabad, Mahbubnagar, Chittoor Emerging as New Cybercrime Hotspots
1 year, 3 months ago
Cyber Reporting System Saved Rs 570 Crore from Fraudsters: Home Ministry in Parliament
1 year, 4 months ago
Working professionals continue to be soft target of online frauds
1 year, 5 months ago
Government Says Nearly 1 Lakh UPI Frauds Reported Last Year; Here's How People Fall Into The Trap
1 year, 6 months ago
57% of all fraud incidents in India are ‘platform’ frauds: PwC India
1 year, 7 months ago
Nuh Big Deal: Rs 100-Crore Cyber Frauds Unearthed, 28,000 Lose Money to Job Offers, Sextortion
1 year, 7 months ago
39% Indian families experienced online financial fraud, reveals survey
1 year, 7 months ago

Discover Related