What is a UPI Scam? Try these tricks to keep your money safe from fraudsters!

Unified Payments Interface i.e. UPI has become an important part of all our lives. Whether you want to send money to someone or buy any everyday item, payment is done easily through UPI everywhere. But do you know that the accounts of people who commit fraud through UPI scams can also be emptied?

After all, what is a UPI scam and how does it work? Today we will give you detailed information about this, along with how you can keep yourself safe from UPI scams, let us know.

What is UPI Scam: What is UPI Scam?

UPI scam is such a fraudulent activity in which fraudsters lure the users and then get the money transferred to unauthorized accounts.

How does a UPI Scam work?

Scammers send dangerous links with fake email IDs, fake websites and fake SMS, as soon as any user clicks on these links or enters the UPI PIN, password or OTP out of greed, the fraudulent account will be deleted. 

Fraudsters send you fake money requests posing as your friends or family members and as soon as you accept the request, the scammers empty your account.

Scammers convince users to install fake screen mirroring apps by luring them into their web. With the help of these apps, scammers take control of your device and by accessing your UPI apps, they can empty your account.

Scammers call the users and pretend that they are speaking from the bank and get the financial information of the fraudsters by luring them into their web of words.

Protect yourself from UPI Scam like this

If you also want to avoid scams, then do not share your UPI PIN, password or OTP with anyone even by mistake. Before entering bank card details etc. on any website, verify the URL of the website properly.

Do not make the mistake of clicking on any unknown link even by mistake. If you get a request to receive money from someone you do not know, then verify the person before accepting the request.

Install anti-virus or anti-malware software on your device, these apps will help you identify and block dangerous links and apps.