Noida: Man With No Smartphone Loses Rs 6.8 Lakh Through UPI App Fraud

The Logical Indian Crew Delhi

December 10th, 2018 / 2:07 PM

Man Loses Lakhs UPI

Image Credits: Wikipedia

In the era of technology and digital services, money transactions have been made easier between people and the bank. As technology expands, cyber frauds are increasing across the world.  A resident of Noida Sector 12 has alleged that he was duped of Rs 6.80 lakh through UPI app, reported The Times of India. 

The victim did not have a smartphone

Victims easily fall prey to these scams because of fraudsters impersonating executives of telecom companies or banks call under the false pretence of a routine call. According to 30-year-old Mohan Lal, the amount was carried out from his SBI account through UPI app consecutively by hackers in the past two months.

“It was on December 4 when I visited an ATM to withdraw some money, I found out the fraud. I then went to my bank branch in sector 2, only to learn that the money was transferred seven times from my account since September 29,” Lal said to The Times of India.

He also added that despite the financial transactions, he didn’t receive alert messages on his mobile and thought because he does not have a smartphone, he did not receive any alerts. The complaint had been lodged at Sector 20 police station, and then it was referred to the cyber cell. 

How does the UPI fraud take place?

As per Gadgets Now, the cyber cell has termed UPI frauds as classic mobile swap fraud. Every bank account has a registered phone number, though the victims do not own a smartphone, they will have a designated name from the particular bank account.

As UPI needs a bank registered mobile number to function, by typing #99 on any mobile, the hackers can easily misuse that specific mobile number for UPI transaction. They even design fake banking apps to lure the users in downloading such apps. As per Times Now, to prevent such frauds, one needs to avoid sharing sensitive details of debit cards and credit cards such as OTP, UPI ID and PIN as this can allow hackers to steal your money. Never make transactions through unsecure gateways. If you receive suspicious calls or texts from unknown numbers, inform your telecom operator. 

The Logical Indian Take

Though there are new threats with the expansion of technology, the phishing problem remains the same. There has been the rise in sim swap fraud cases. Recently, a Pune man was duped of Rs 93 lakh by a fraudster who impersonated an “airtel employee.” Earlier this year in July, a Delhi-based man lost Rs 13 lakh after a group of gangsters swapped his SIM and stole the money. Please beware and never share your confidential details with any stranger on the phone.

Also Read: Pune: Man Duped Of Rs 93 Lakh After Sharing SIM Details With ‘Airtel Employee’ Over Phone


Written by : Sahana S (Student, IIJNM)

Edited by : Poorbita Bagchi

Related Stories

Truecaller Automatically Registered Its Users For UPI Without Consent, Company Says Its Bug

Allahabad Bank Reports 1,775 Crore Fraud Against Bhushan Power & Steel, After PNB Reported Fraud Of Rs 3,800 Crore

Bike Bot Scheme: Rs 1500 Crore Duped From 2.25 Lakh Investors In Noida, Conman Arrested

Fraud Dupe Movie Ticket Online

Woman Loses Rs 40,000 To Online Fraud, Trying To Get Refund Of Cancelled Movie Tickets

Rupay Bhim Growing

Homegrown RuPay & BHIM UPI Are Giving A Tough Time To Giants Like Visa & Mastercard

ATM Fraud

Delhi Cop Loses Rs 2.65 Lakh In ATM Fraud

Latest on The Logical Indian


Railway Ministry Bans Single-Use Plastic From October 2; Lok Sabha Follows Footsteps


UN Experts Slam Kashmir Communication Clampdown; Refer To The Situation As ‘Collective Punishment’


Oxford Study Reveals Packaged Food, Drinks In India Least Healthy

My Story

My Story: From Growing Up With Constant Pain & Discomfort To Becoming An Adcovate For Disability Rights


Govt’s New Direct Tax Code May Reduce I-T Burden, Simplify Filing Process


‘Give Us Any Small Space In This City To Feed The Poor’: Hyderabad Man Who Feeds 400 People Daily


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.