With the increase in online users day by day, online fraud cases are also increasing. There isn’t any stop at the number of online tragedies. Small Businesses are trying too hard to maintain their space in the market but are often looted by fake customers.
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Nowadays fraudsters dupe customers through online sales platforms and pose as purchasers and express an interest in the seller’s product(s). Also, to acquire trust, several fraudsters pose as defense personnel stationed in remote regions.
These fraudsters instead of paying the seller, use the Unified Payments Interface (UPI) app’s “request money” option and demand that the seller authorize the request by entering the UPI PIN. Money is transferred to the fraudster’s account once the seller inputs the PIN.