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Screen Shot scams to phishing, fraudsters are using new methods to cheat your money.

The RBI recently introduced an AI-based system to simplify the payment system. However, with the simplification of the payment system, challenges have also increased.
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Fraudsters Are Using New Methods To Cheat Your Money: As the digital age continues to grow in the country, the government is working to address the challenges associated with it. Making payments through UPI has become a part of our lives today. To further simplify this system, the Reserve Bank of India has launched several apps and systems that will simplify the payment interface, allowing you to make payments from smart watches and cars.

As technology advances, so too do its risks. At the same time, people are being defrauded through fake screenshots and phishing.

Let's share with experts how to address the challenges of cyber fraud.

Also Read: Online Fraud: New scams circulating on WhatsApp and Instagram, don’t click on link

Since the advent of technology, cybercriminals increasingly target senior citizens. We spoke to Mukesh Pandey, founder of RupeePaisa.com, and Kanishk Gaur, president of the India Future Foundation, about this issue. Experts say that to avoid online fraud, first, if you receive a call from an unknown number stating that your KYC needs to be done, or that your bank account is being closed, or if a link is sent to you, do not click on it.

From Screen Shot scams to phishing

If you have a card, do not share its CVV or PIN with anyone. Secondly, enable multi-factor authentication for your digital payments, so that your access is not solely OTP-based. Never hand your phone over to an unknown person. Because phone forwarding is often used to transfer OTPs and PINs from one account to another.

Keep Bluetooth Devices Off.

Kanishka Gaur advised that you should keep your phone's Bluetooth devices off in public places. He added that sometimes, people try to get your phone's details by bringing a machine near your phone. Therefore, keep your phone's Wi-Fi or Bluetooth off in public places.

Also Read: India's economy will reach 3,10,57,02,25,00,00,000 by 2047!

Fraud through QR Codes.

Furthermore, frauds using QR codes are also common in the market. QR codes are replaced with someone else's, and when you go to check, you find that the QR code isn't the same. QR codes outside shops are also replaced, sometimes with the numbers and names. To avoid this, it's crucial to physically visit the store and verify that the QR code or number is the same and not someone else's.

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