Friday, May 7, 2021
News

UPI, payments frauds soar high in eastern Indian states: Report

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Bengaluru | Saturday, 2021 7:15:06 PM IST
The eastern states in the country are witnessing high levels of digital frauds or UPI scams (41 per cent) via payment apps and online marketplaces, a report has revealed.

According to TrustCheckr, a fraud data insights and analytics startup, West Bengal, Odisha, Bihar, Assam, Kashmir, Arunachal Pradesh, Meghalaya, Tripura, Nagaland, Mizoram, Manipur, Himachal Pradesh and Sikkim are facing top frauds in KYC, fake cash-back, frauds through digital wallets, fake-selling, QR codes, UPI phishing, lottery scams and financial fraud on social media.

The top scamsters are from Patna, Chandigarh, Kolkata and Meerut for one of the top payment apps (at 15 per cent) and most QR Code scams originate from Assam, accounting for 20 per cent of the total distribution.

"Top cities where fraudster syndicates are active are Kolkata, Delhi, Jaipur, Guwahati, Patna, Chandigarh, Meerut," the report mentioned.

In QR code frauds, most fraudsters posed themselves as army men selling something on marketplaces.

"Digital scams can trick users as they may appear as legitimate by revealing a few authentic details about them in order to earn their trust and move money. If it sounds too good to be true, one should be careful about such transactions. Our score parameters can give a go-ahead or early warning signs of fraud," said Shivraj Harsha, Co-founder, TrustCheckr.

TrustCheckr identified over 1 million frauds together in B2B and B2C in the last 15 months 25 per cent scams in KYC and 20 per cent in QR codes, while B2B scams were largely done with 30 per cent fake identities and 25 per cent synthetic identity frauds.

"The common thread of digital payment frauds is phone number and email address. We check fraud signals with phone/email, validate the customer authenticity using historical fraud trends, fraud data sets, history and provide simple REST APIs with phone numbers as input, integration in less than 48 hours," said Adhip Ramesh, Founder, TrustCheckr.

--IANS na/

( 328 Words)

2021-05-01-13:12:02 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Lenovo Android tablet likely to support ...
Smart City Startup challenge for start-u...
Facebook adds new features to Instagram ...
SARS-CoV-2 DNA integration into host gen...
Jeff Bezos' Blue Origin to launch first ...
IBM unveils 2 nanometre chip tech for fa...
More...
 
INDIA WORLD ASIA
UP panchayat poll winner booked for taki...
Fake advisory doing rounds on social med...
COVID-19: IAF airlifts oxygen containers...
COVID-19: Aircraft carrying Remdesivir c...
7 BJP candidates had their deposits forf...
SC rules out gag on real time court proc...
More...    
 
 Top Stories
Urgent steps must to reduce methane... 
Bihar reports 15,126 new Covid case... 
Argentina reports 24,086 new COVID-... 
Hanumantha Rao slams Telangana BJP ... 
Pak reports 4,198 new COVID-19 case... 
Disappointed after loss, world cham... 
Malik enters semis of World Olympic... 
CSA to distribute MOI to stakeholde...