Business Studies, asked by Ashwin7213, 8 months ago

Digital payments fraud shoots up as consumers prefer UPI, cards. Collect the media news about digital payments fraud happening in India for the period between 1st Jan 2020 to 1st July 2020. How does this happen? What types of fraud are there? Explain in detail with evidence mentioning the source, place and date of event.

Answers

Answered by ammarq8b3420

Answer:

Parthasarathy said, "One of the classic ways in which fraudsters try to scam people is by convincing them to share their UPI PIN and/or OTP over the phone. Once they have the details, they can authenticate UPI transactions and steal money from the customer's account

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