Telangana Hyderabad - Small traders, street vendors targeted in UPI fraud
Small companies in hyderabad are being targeted by a new wave of cyber theft, as thieves have come up with a plan to steal wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital money via QR codes. To carry out the scam, thieves copy and paste their own UPI QR codes over the ones that retailers legitimately display. As a result, rather than paying the intended companies, gullible clients wind up transferring money straight to the accounts of the scammers.
Numerous sellers were duped by this dishonest strategy, which has been exposed in several areas of Hyderabad. In addition to having a negative financial impact on the firms, the plan erodes consumer confidence in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital payment systems. Authorities have warned small company owners and the general public to be on the lookout for this kind of scam. It is recommended that business owners regularly verify that their QR codes have not been altered. Before finalizing any transactions, users should verify the information on their payment applications one more time. Furthermore, by vocally confirming payment receivers, speakers used for transaction confirmations can add an added degree of protection.
The police are aggressively looking into the incidents and trying to find the perpetrators. Precautionary steps and awareness-raising can assist guard against these fraudulent operations in the meantime. customers and company owners may protect their financial transactions from fraudsters by putting these safety guidelines into practice.
Safety Tips
1. Double-check Details: Always verify the name and details on your payment app before making a transaction.
2. Inspect QR Codes: business owners should regularly check their displayed QR codes for any signs of tampering.
3. Use Transaction Confirmations: Consider using a speaker for audible transaction confirmations to ensure payments are going to the correct recipient.
4. Report Suspicious Activity: If you suspect a QR code has been tampered with, report it to the authorities immediately.