As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it
3 days, 14 hours ago

As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it

India Today  

Earlier this month, BharatPe rolled out a new service called "Shield" to protect its users from the growing threat of UPI fraud. Shield offers a comprehensive protection plan that safeguards users from fraud, phishing attempts, and unauthorised transactions, even if the user loses their phone. In today’s world, where digital payments have become a part of daily life, initiatives like Shield are a much-needed safety net. With an increasing number of people like you and me relying on UPI for everything from grocery shopping to bill payments, having a safety net like Shield is reassuring.

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History of this topic

Cyber Crime Wing of Tamil Nadu police warns of new UPI scam
2 weeks, 2 days ago

Cyber Crime Wing of Tamil Nadu police warns of new UPI scam

The Hindu  

The Cyber Crime Wing of the Tamil Nadu Police has issued an alert regarding a new scam that targets mobile money-users. Known as the ‘Jumped Deposit’ scam, this fraudulent method exploits users’ trust to execute unauthorised withdrawals through Unified Payments Interface. The Cyber Crime Wing has advised people receiving such suspicious deposits to wait for about 15-30 minutes before checking …

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 …

Mumbai senior citizen put under ‘digital arrest’, duped of Rs 3.8 crore: How to protect yourself from such scams
3 weeks, 6 days ago

Mumbai senior citizen put under ‘digital arrest’, duped of Rs 3.8 crore: How to protect yourself from such scams

Firstpost  

A 77-year-old woman from South Mumbai was kept under ‘digital custody’ for over a month by scammers who threatened her with arrest and duped her of Rs 3.8 crore. With cases of ‘digital arrest’ scams on the rise, it is important to understand what they are and how to protect yourself from such frauds Digital arrest is a fraudulent tactic …

7 Smart tips for a safer online shopping experience in India
1 month ago

7 Smart tips for a safer online shopping experience in India

India TV News  

With the growing popularity of online shopping in India, everyone is making online payments for cashless shopping. But with the strength of online shopping, the customers will have to be assured about safer transactions, as hackers and scammers are already actively tracking your moves, waiting for one mistake which could be an opportunity for them to steal from you. Use …

Beware of scams under guise of PM Jan Dhan Yojana offers: TN cops
9 months, 4 weeks ago

Beware of scams under guise of PM Jan Dhan Yojana offers: TN cops

New Indian Express  

CHENNAI : The state cyber crime police have warned the public against falling prey to fraudulent schemes that persuade them to part with their UPI PIN on the pretext of receiving an amount under the PM Jan Dhan Yojana. As part of this scam, web users are presented with Upon clicking on the People who are not aware that they …

Online scams hurt India's financial stability. A court order explains how
1 year, 1 month ago

Online scams hurt India's financial stability. A court order explains how

Firstpost  

Justice Swarana Kanta Sharma stated that the public becomes increasingly unwilling to deal with digital systems when faith in online transactions is undermined, which can considerably restrict financial inclusion, innovation, and economic progress According to the Delhi High Court, there is an urgent need to combat online financial frauds since they threaten the economic stability of the nation. In one …

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam
1 year, 8 months ago

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam

Firstpost  

UPDATE: The National Payments Corporation of India shared an official statement which has been added to the end of the article. That hasn’t prevented scam artists from coming up with novel methods to defraud people using popular mobile payment applications. However, if the user returns the money using one of these UPI applications, the scammer will gain access to all …

Indians Must Learn to 'Stay Safe Online' as Scammers Have Spread Phishing Net for IRCTC, UPI Users: Experts
1 year, 11 months ago

Indians Must Learn to 'Stay Safe Online' as Scammers Have Spread Phishing Net for IRCTC, UPI Users: Experts

News 18  

While Union IT Minister Ashwini Vaishnaw launched a new campaign called “Stay Safe Online” as part of India’s presidency of the G20, a report by Cyble Research and Intelligence Labs revealed that there is a new wave of financial fraud in which scammers, monitoring Twitter complaints, are targeting IRCTC customers and UPI users. The scammers seem to monitor Twitter for …

How to protect your finances from cyber threats this festive season: Learn from the experts
2 years, 2 months ago

How to protect your finances from cyber threats this festive season: Learn from the experts

India TV News  

The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. According to Balaji Jagannathan, the co-founder and …

5 Most Common Online Payment Frauds in India That You Must Know
2 years, 3 months ago

5 Most Common Online Payment Frauds in India That You Must Know

News 18  

With digital transactions taking over, we are increasingly seeing more online payment fraud. WATCH VIDEO: iPhone 13, 12 Prices Slashed After iPhone 14 Launch 1) UPI Frauds It is widely acknowledged that UPI is the most common way to make day-to-day payments in India. 2) Remote Access/Screen Sharing Frauds Time and again, we have seen the elderly and people new …

5 Ways to protect your from online scams and false payments
2 years, 3 months ago

5 Ways to protect your from online scams and false payments

India TV News  

Google discussed numerous steps to protect internet users and the tech giant came back in the spotlight. In online hacking, victims may unintentionally transfer their payment codes to con artists, who then steal money from their bank accounts. In order to upskill 100,000 developers with a better grasp of security, privacy, and encryption, among other things Google is launching a …

UPI: the dawn of digital fintech nirvana
2 years, 5 months ago

UPI: the dawn of digital fintech nirvana

The Hindu  

If you own a smartphone, you have most probably done UPI-based payments using BHIM or some other mobile application. Secondly, a Payment Service Provider takes care of the to-and-fro transactions to this VPA and finally, the UPI software orchestrates the fund movement from a customer’s VPA to a target VPA and completes the transaction. A ubiquitous payment system The popularity …

SBI Customers Alert! Using UPI, Debit Card, Mobile Banking? Follow These Steps to Avoid Frauds
2 years, 7 months ago

SBI Customers Alert! Using UPI, Debit Card, Mobile Banking? Follow These Steps to Avoid Frauds

News 18  

SBI Digital Transaction: The State Bank of India, or SBI, on Monday shared a list of guidelines with its users while doing digital transactions. – Try using unique and complex passwords – Remember to change passwords frequently – Never disclose, store or write down your user ID, passwords or PIN – Remember, Bank never asks for your user ID/passwords/Card No/PIN/Passwords/CVV/OTP …

Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India
2 years, 9 months ago

Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India

News 18  

With the significant rise in the use of digital systems over the years, cybercriminals have swarmed the internet to perform online crimes such as data fraud, theft as well as hacking and the banking sector is also not out of their reach. Devious ways The most common forms of banking fraud in India are: Vishing- Phone calls pretending to be …

Desist from sharing sensitive info online: SBI tells customers
3 years, 7 months ago

Desist from sharing sensitive info online: SBI tells customers

India TV News  

With digital transactions gaining traction amidst rising COVID cases, the country's biggest lender SBI has cautioned its customers to be alert against fraudsters and not to download any app from an unknown source. "We advise our customers to be alert of fraudsters and not to share any sensitive details online or download any app from an unknown source," State Bank …

'Exponential' Spike in Financial Frauds Due to Dependence on Digital Payment Platforms amid Pandemic: NSA
4 years, 3 months ago

'Exponential' Spike in Financial Frauds Due to Dependence on Digital Payment Platforms amid Pandemic: NSA

News 18  

Asking citizens to be cautious while being online, National Security Adviser Ajit Doval said on Friday financial frauds have seen an exponential increase due to greater dependence on digital payment platforms following the COVID-19 pandemic. “There is a greater dependence on digital payment platform due to reduced cash handling and greater data sharing is happening online and presence on social …

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