![]() So, with the popularity and presence in the digital world, it is more prone to UPI fraud, UPI scams and hacking. With UPI transactions hitting an all-time high this year, it’s no surprise that UPI has been one of the most preferred payment methods in recent times. UPI, being one of the foundation stones of the digital economy, needs to be airtight when it comes to security. UPI fraud is like other digital scams due to human fear, greed, and emotion. Changing your UPI pin every month is one of the practices you can do to keep your distance from the UPI scam. If you aren’t staying vigilant, you are more prone to lose your hard-earned money. You will encounter many instances of fraud that will increase fraudsters’ revenue due to open digital avenues. Digital transactions are the need of the hour, and with the country rushing towards a cashless economy, it’s important to stay vigilant of fraud and all the loopholes in the system.
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