1 Crore scam with 81 mumbaikars using UPI transaction

Use of UPI apps to make digital payments are very riscky now adays. There is an update you should not miss. Fraudsters are now scam people through unified payment interface (UPI) apps in a novel way. Recently, there was a report of cybercriminals to lose amount of ₹1 crore from 81 people in Mumbai.

It has emerged that the fraudster sends money to your account using UPI. Then they asks you to repay the money on same account which has been sent by mistake to you. If you repay that amount to the that scammer phone number, you would end up being a victim of a malware attack.

When the user repays the money using UPI (PhonePe or GooglePay), then your entire data including bank and other KYC details including PAN, Aadhaar etc become available to those scamme. This details are enough to hack the any customer bank account.

The cyber crime expert also suggested all the banking customers to tell those fraudster to come to the nearest police station and collect the money instead of immediately repaying the amount through such apps.

Notably, hackers have developed ingenious methods lately using unique and complex arrays of cyberattacks to outwit security systems. They can be seen gaining sensitive financial information of individuals from banking servers or personal devices of an individual.

What need to do in case of cyber fraund ?

According to cyber experts, all customer need to first freeze their bank accounts and change all banking passwords from ATM cards and transactional apps. They must inform the bank about the cyber fraud that has happened within 24 hours. Also, they should file the legal process to minimise the negative impact of cybercrime. Customers can file the case to cybercrime investigation department against cybercriminals.