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According to a recent survey by the Bureau, digital fraud has become a pressing concern in India’s rapidly expanding digital economy. Among the various payment systems in the country, UPI has emerged as a prime target for fraudsters.
According to a recent survey by the Bureau, digital fraud has become a pressing concern in India’s rapidly expanding digital economy. Among the various payment systems in the country, UPI has emerged as a prime target for fraudsters. As per the reports, in 2022-23, a staggering 55% of total digital fraud cases in India were directly linked to UPI. Cybercriminals have conducted around 95,000 UPI transactions, according to the cyber cell of the Union Finance Ministry.
https://analyticsindiamag.com/believe-it-or-not-55-of-digital-frauds-happen-via-upi/
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