UPIFraud

Alongside UPI's convenience, it has also become a fertile ground for fraudulent activities. Fraudsters continuously devise new tactics to exploit vulnerabilities within the UPI ecosystem, jeopardizing the financial security of users. Let's delve into the most prevalent types of UPI frauds, understanding their definitions and exploring real-world examples to illustrate their impact.Few UPI Fraud Types Courier or Parcel Delivery Scam – TechFraudsters exploit the expectation of receiving a courier to deceive victims into downloading malicious apps, enabling them to intercept sensitive information and perpetrate digital frauds.Example: A user, expecting a package, clicks on a tracking link that leads to a fake…