Unified Payments Interface i.e. UPI has made it very easy to send money and pay the bill. Now anyone can transfer millions of rupees in a few seconds. This is the reason why record breaking transactions are happening every month. But as its use is increasing, the cases of fraud are also coming up rapidly. Cyber thugs are engaged in evacuating people’s accounts by taking out new maneuvers. Recently a new scam has surfaced, which is being called ‘UPI Auto-Pay Request Scam’.
In this, the fraudsters dodge the people and deduct money from their bank account and the victim does not even know. In such a situation, if you also use UPI, then it is very important to know about this new scam so that you can also be cautious and save your hard -earned money.
What happens Upi auto pay Feature,
The UPI Auto Pay feature is especially for those who pay the same amount every month, such as mobile recharge, subscription to Netflix or investment in mutual funds. You will approve once and the money will be cut automatically on the fixed date. There is no fear of closing late fees or service.
But scammers made this facility a net
Now taking advantage of this facility, cyber thugs are running UPI Auto Pay Request Scam. They get people approve the settings of getting the payment cut again and again.
How do people trap in this bluff,
According to cyber security experts, thugs adopt many ways in this scam:
By sending fake links: Fake links are sent to SMS, email or social media. On clicking, the user approves the auto pay and the money starts to be deducted from the account.
Fake customer care call: Scammers make calls as banks or UPI companies and ask the user to enter the PIN.
Cheap offers or fake apps: The thugs lure any cheap subscription. Auto pays on the auto as soon as they pay.
Cashback or lure of reward: Reward or loan approval, get the request acceptance from the user.
What to do if you get stuck,
Do not panic if you accidentally become a victim of this scam. Experts recommend to report fraud in the bank or UPI app as soon as possible. The UPI app has an option of ‘Report Fraud’ or ‘Raise Dispute’, complain immediately from there. Also, go to email or branch to the bank and give written complaint.
Can you get money back,
It depends on how soon you take action. There is a possibility of correct evidence and time to get the money back from the complaint on time. Bank and UPI service providers often cooperate in such cases.
Be cautious
Keep in mind that no bank or UPI company ever asks you OTP or PIN on calls. Do not click on the unknown link and do not get greed. Cyber awareness is your biggest security with this scam.
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