UPI has seen record-breaking growth, with over 13 billion transactions recorded in April 2024 alone. Its popularity and ease of use have made it a target for fraudulent activities. In its Annual Press Conference, the Indian Cybercrime Coordination Centre (I4C, Ministry of Home Affairs) reported a rising trend of financial cybercrimes. The modus operandi (MO) of these scams is varied and dynamic.
Read the digital article here.
Read the print article here.
Read the first part of the series here.
Read the last part of the series here.