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Business

Online payment fraud: Beware of these five most common scams

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Online Transaction

Online payments offer convenience but also pose fraud risks, highlighting the importance of awareness and vigilance to safeguard financial transactions globally.

 

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Identity Theft

Scammers exploit personal information to impersonate others, gain illegal access to their accounts, and conduct fraudulent activities.

 

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OTP scam

E-commerce platforms introduced OTP for safer deliveries, but scammers find ways to steal from customers' bank accounts, despite increased awareness about cybercrimes.

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Phishing attacks

If you receive any strange links or messages regarding loans or financial transactions, please report them to the proper authorities, such as the cybercrime department.

 

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UPI Fraud

Scammers trick people into sending money through UPI or sharing their UPI PIN, leading to online scams and loss of money for innocent victims.

 

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Fake QR codes

Scammers utilize QR code scams to deceive users into making payments on fake websites posing as online stores, leading to financial losses for unsuspecting victims.

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