Cybercriminals can cause significant financial damage. To protect yourself, here are five security tips you should follow when using UPI to make payments online.
Online payments are increasingly popular, but so are cybercrime cases, which makes them dangerous. Cybercriminals can cause significant financial damage. To protect yourself, here are five security tips you should follow when using UPI to make payments online.
Having a strong screen lock, password, or PIN is essential not only to secure your phone but also your payment and financial transaction apps. This ensures that sensitive personal and financial information is not disclosed or viewed by unauthorized persons. It is important to avoid simple passwords such as your name, date of birth, or mobile phone number.
Do not share your PIN:
Sharing your PIN with anyone makes you vulnerable to fraud because that person can access your phone and perform unauthorized transactions. You must never share your PIN with anyone and if you believe it may have been compromised you should change it immediately to avoid potential loss.
Avoid clicking on unverified links or answering calls from suspicious numbers:
Be careful with unverified links and fake calls to avoid financial loss. Cybercriminals often send fake messages with links or pretend to call from a bank or other organization to trick you into revealing your details like PIN, OTP, etc. They may also ask you to download a third-party app for verification. It is important to note that this personal data is never requested by the bank. So avoid clicking on unverified links and do not answer calls from unknown numbers or suspicious sources.
Keep updating UPI app regularly:
Be sure to update your UPI payment app to the latest version to ensure you get the latest features and benefits. Always check for updates and download the latest version of the app available in the app store.
Avoid using multiple payment applications:
To ensure the security of your online payments, it is recommended to install only trusted and verified payment apps from official app stores such as Play Store or App Store. Avoid installing multiple payment apps on your phone to reduce the risk of fraudulent activity.