Topic: A new type of scam going on in India (Read 401 times)
This isn't a new scam have faced this in 2019
Thank you for the warning message.
Personally I think UPI is very very much insecure for the fact that it doesn't even require your ATM pin to generate UPI pin. (Atleast in my case). So it just needed my card number and OTP. And wow, with that newly created UPI pin I can not only see my balance but also can send money! So, if someone loses their phone and wallet, any thief can use card details and OTP to steal all money without much effort lol.
Personally I think UPI is very very much insecure for the fact that it doesn't even require your ATM pin to generate UPI pin. (Atleast in my case). So it just needed my card number and OTP. And wow, with that newly created UPI pin I can not only see my balance but also can send money! So, if someone loses their phone and wallet, any thief can use card details and OTP to steal all money without much effort lol.
A few days back, I posted an online ad on OLX to sell some furniture. I get a call yesterday saying that he is interested and would like to buy the piece. He builds a beautiful story about working for BSF in Rajasthan and his family running a reselling business in Rohini, Delhi. He wants to finalize the deal and says that he would pay the 60% of the amount now and rest when his truck comes to pickup the furniture. I agree to it and he then asks for my UPI ID to make the payment. I share my UPI credentials where he then sends a request for money. Because I have used UPI in the past, I know that to receive any amount you don't need to enter your UPI PIN. I call him to confront about this and he plays it nice by saying that he has a merchant ID and it is required on merchant IDs. It does not take me long to realize that it is a scam to get people to transfer their funds in name of depositing money in their account.
Please be safe and remember that you don't need to enter UPI PIN for any incoming payment. Also, read the details for request/deposit carefully before making any payment. When I researched about it, I saw that many have been robbed of their money in a similar fashion.
Stay Safe and do report to police if anyone approaches you with a similar proposition.
Nothing related to crypto here so better to move this to off topic.Please be safe and remember that you don't need to enter UPI PIN for any incoming payment. Also, read the details for request/deposit carefully before making any payment. When I researched about it, I saw that many have been robbed of their money in a similar fashion.
Stay Safe and do report to police if anyone approaches you with a similar proposition.
But yes these kind of scams are here for years so we have to be concious what we are dealing with.
A few days back, I posted an online ad on OLX to sell some furniture. I get a call yesterday saying that he is interested and would like to buy the piece. He builds a beautiful story about working for BSF in Rajasthan and his family running a reselling business in Rohini, Delhi. He wants to finalize the deal and says that he would pay the 60% of the amount now and rest when his truck comes to pickup the furniture. I agree to it and he then asks for my UPI ID to make the payment. I share my UPI credentials where he then sends a request for money. Because I have used UPI in the past, I know that to receive any amount you don't need to enter your UPI PIN. I call him to confront about this and he plays it nice by saying that he has a merchant ID and it is required on merchant IDs. It does not take me long to realize that it is a scam to get people to transfer their funds in name of depositing money in their account.
Please be safe and remember that you don't need to enter UPI PIN for any incoming payment. Also, read the details for request/deposit carefully before making any payment. When I researched about it, I saw that many have been robbed of their money in a similar fashion.
Stay Safe and do report to police if anyone approaches you with a similar proposition.
Edit: Read this to get a better insight
Please be safe and remember that you don't need to enter UPI PIN for any incoming payment. Also, read the details for request/deposit carefully before making any payment. When I researched about it, I saw that many have been robbed of their money in a similar fashion.
Stay Safe and do report to police if anyone approaches you with a similar proposition.
Edit: Read this to get a better insight
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