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    Vikshita Vitthal Gujaran in News

    07-Nov-2022 07:23 AM


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    UPI frauds contribute to 15.3% rise in cybercrime complaints between Q1 and Q2 of 2022

    The unified payments interface (UPI) has been a stunning success.
    According to data from the Ministry of Home Affairs, UPI frauds contributed significantly to a 15.3% increase in the overall number of complaints reported on the National Cybercrime Reporting Portal (NCRP) between the first and second quarters of 2022.
    While the overall number of registered complaints in the first quarter of 2022 was 206,198, it grew to 237,658 in the second quarter, representing a 15.3 percent rise.
    This increase can be attributed to the growth of digital payment systems since the outbreak of the Covid-19 pandemic, which has allowed small businesses to enter the ecosystem.
    However, actual figures for this particular category were not provided in the report.
    Under the 'raise a complaint' option in the BHIM UPI application, one can view their transaction history.

    Source - Money Control
    #upi #upifraud #cybercrime #cyber #complaints