Beware of these 8 digital payment-related scams
How to avoid payment-related scams
2. Trap for gullible insurance seekers
Lessons to learn: Irdai does not sell insurance policies. Stay away from portals misusing domains that are akin to regulators’ official ones to swindle funds.
3. Phishing smses promising income tax refund
Lessons to learn: The income tax department directly credits the refund to the bank account mentioned in your I-T return form. Do not trust any messages, links, online forms or calls seeking additional account/card details.
4. The KYC update hoax
Lessons to learn: Do not click on links received through SMSes. Rely on official websites or bank branches to complete the process, if required.
5. Simple to-crack passwords
Lessons to learn: While the data pertains to the UK, it is a pointer to the hazards of using passwords and PINs that are easy to decode.
7. Fraudulent NPCI/UPI/BHIM handles and portals
Lessons to learn: Look for verified-by-twitter blue ticks while interacting with National Payments Corporation of India (NPCI), bank or payment wallet helplines.
8. Lack of awareness of UPI pay options
Lessons to learn: Use of newer technologies calls for additional caution. Since UPI-based apps enable push (pay/send) and pull (receive/collect) transactions, newer users could get confused. Understand the processes thoroughly before rushing to use them.