Digital Payment Frauds in India-Challenges and Solutions

Abstract

It is likely that every individual in India has encountered some form of cybercrime or fraud, even if they
have not suffered a financial loss. Receiving a phishing email or text message qualifies one as a victim of cybercrime. The evolving tactics employed in digital payment fraud often involve requests for account numbers,
usernames, or passwords under a Vishing Calls or sending the links to steal the credentials taking control of the
Mobile devices. These days Digital Arrest, Fake Investment offers, Part time job frauds, QR scam codes, FedEx
courier scams are on rise.