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How to stay safe from UPI frauds

Indians have lost Rs 485 crore (Rs 4.85 billion) to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to the Finance Ministry. Fraudsters send QR codes claiming they are for cashback offers or refunds. Scanning these codes leads to phishing Web sites or malware installation, allowing fraudsters to steal credentials or initiate unauthorised transactions.