Outlook Money
Phishing Scams: These types of scams include receiving fake messages that seem real and ask people to disclose their UPI credentials.
In this, online scammers create and disseminate counterfeit QR codes. Customers who scan these codes may be taken to bogus websites, where private financial information can be compromised.
Scammers here, claim to be someone the user knows such as a friend or family member and ask for support accessing their account and taking sensitive personal information.
1. Beware of Impulse Buys: In order to avoid scams, one needs to avoid impulse shopping. Getting attracted to promotions and discounts can lead to ignoring the platform's validity and one can fall under scams.
When signing up for deals, be cautious with the personal information that you are being asked to provide. Only give vital information as revealing too much information increases the chance of data theft and privacy violations.
Beware of making purchases over unsecured networks, such as open Wi-Fi at shopping malls. These networks may expose financial data to hackers, putting users' accounts at risk.
Compiled by Syed Muskan