Hyderabad: A new cyber fraud scheme is targeting small businesses in Hyderabad, where fraudsters replace legitimate UPI QR codes with their own. This causes unsuspecting customers to send payments directly to the fraudsters’ accounts. The fraud, detected across various parts of the city, not only financially impacts businesses but also undermines customer trust in digital payments.
Authorities advise small business owners to frequently check their QR codes and for customers to double-check payment app details before transactions. Using speakers for audible transaction confirmations is recommended to verify payment recipients. Police are investigating, and the public is urged to report any suspicious activity to help combat these fraudulent activities.
Safety Tips:
- Double-Check Details: Verify the recipient’s name and details on your payment app before completing a transaction.
- Inspect QR Codes: Regularly check displayed QR codes for tampering.
- Use Transaction Confirmations: Employ audible transaction confirmations to ensure payments are correctly directed.
- Report Suspicious Activity: Immediately report tampered QR codes to authorities.
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