The use of UPI to make online payments is skyrocketing. In India, it is becoming the standard method of payment. Even other nations are starting to use India’s UPI journey. Debit card companies are worried about India’s indigenous payment system because more and more people are using direct payment methods.
However, online fraudsters have also turned to UPI as a target. They are developing novel strategies to quickly defraud individuals of lakhs of rupees. In the online payment ecosystem, here are some safety tips that should help keep you safe.
Screen lock
Screen lock, password, and PIN should all be kept safe. It should never be shared with anyone or recorded for future reference. This is due to the fact that it can protect your applications, financial information, and personal data from fraudsters. Never use easy passwords like your name, birthday, or mobile phone number.
Never share your PIN.
Sharing PINs can cause big problems. With the correct PIN, anyone can access your phone and use your accounts for illegal transactions. For security reasons, reset your PIN as soon as possible if someone knows it.
Don’t click on any SMS link, nor entertain phone calls
Do not accept phone calls or click on SMS links that you are not familiar with. Fraudsters may attempt to deceive you with lucrative offers or ominous texts announcing the closure of your account. They can send links via WhatsApp, email, and phone calls. They can also text or call you while pretending to be bank employees.
Never share your bank, Aadhaar and Dish subtleties for any reason with obscure individuals. Also, never click on links that aren’t real. When it comes to online fraud, these are becoming the worst tools.
Keep your UPI applications up to date
Always make use of the most recent versions. This is because the most recent version includes the most recent security features as well. These can protect you from cybercriminals online.
Avoid using multiple mobile payment apps. Additionally, before installing mobile applications, verify their authenticity and certificates.
