Your bank account to a mobile application like Google Pay, Phoneme Pat BHIM, etc. thereby making transactions safely using just the UPI ID of the receiver. Unlike in net banking wherein, one needs to share sensitive information such as account number and IFSC code, UPI ID also known as Virtual Payment Address does not contain any sensitive information and thereby mitigates the risk of frauds. The robust tech platform enables users to transact seamlessly across various modes scan a QR code to make payment, send money to UPI ID or phone number, or even send a collect money request. However unfortunately the unique construct and simplicity of is being leveraged by fraudsters to lure and target users who conduct transactions carelessly. This makes it even more pertinent for users to take charge of the situation with adequate knowledge, scrutiny, and responsible behaviour so as to keep fraudulent transactions at bay. Below are some fraudulent practices that one must be aware of Phishing One of the most popular forms of fraud is Phishing, wherein fraudsters send unauthorised payment links via SMS. Since these fake bank URLs will look almost identical to the original URL, customers may imprudently click on the link which will direct them to the UPI payment app installed on their phone and will prompt for an auto debit. As soon as the user grants permission, the amount gets debited via UPI on real time. Malware Malware is yet another popular form of cyber fraud users fall prey to by clicking on fake URLs that are downloaded from a fake e mail attachment or an unsecured website. Clicking on the fake URL infects one device with a virus/malware, which is specifically designed to extract and copy data thereby stealing the financial information stored on the device. SIM Cloning Here once the scammer clones a SIM, he will have access to the user bank account details and ID proof which are then be easily used to reset the targeted user UPI id. Vising In this case, scammers may call or interact with the targeted user while posing themselves as a bank representative.