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Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning are common fraud methods. ....
While making payment through UPI scanner, one of the men said that there was some network issue and stepped out of the shop with his phone to transfer the money. ....
The Indian government is looking to take measures to address the growing concern over digital financial frauds. Discussions have begun among key stake ....