(no title)
morbidious | 2 years ago
Perhaps this could be a good time for UPI apps to educate their users on fraudulent transactions.
But a part of me thinks this is also trying to boost the credit/debit card industry which has slumped due to UPI's success. I just saw a VISA ad today showcasing their tap to pay feature, which is a strong contender to UPI.
[1]: https://www.businesstoday.in/tech-today/trending/story/upi-s...
__rito__|2 years ago
Before UPI, debit cards were there. And people were social engineered to tell the scammer the One Time Password received in their cells required for the withdrawal/transfer.
As a person who receieved ~20 such calls and has known half a dozen victims personally, and my dad being a previous public sector bank administrator, I assure you UPI has not changed anything when it comes to scams.
The calls go like this:
"I am the branch manager of your bank. Your account will be closed in 24 hours due to <totally made up, unplausible problem>. I need you to tell me your 16 digit Debit Card number. Now your CVV, now the OTP. Okay thank you."
Thus, less educated and even educated people are scammed. They just ignore (or something) the money amount in the OTP messages.
When I receive such calls, I just ask back- "Okay, Mr. Resepected Branch Manager, which branch are you the manager of?", and they mumble or disconnect. One time a guy said, " the main branch". I was like, dude, the "main branch manager" sits with the Prime Minister and such, doesn't call small-time customers like me. And he disconnected. These tell me that the number leaks from not the bank employees/db, but elsewhere.
I threatened to call the police on one scammer. He asked to have mercy and not to call the police because it was their business. :') It was 4-5 years ago.
Even bank employees and admins receive calls from scammers identifying as bank employees.
And, yeah, the government spends a huge amount of money spreading awareness. But the kind of people susceptible to this don't ever learn.