‼️ A $486-Billion Global Scam ?
In 2023, financial fraud reached $485.6 billion, nearly matching Singapore’s GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.
In the era of DigitalIndia, it's surprising when transaction details are not readily available. What's happening here?
Even if a wrong transaction or fraud occurs, what can cybercell really do? They will eventually extract the details.
Therefore, one
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Arcane
Stealth • 5m
ONE INTERESTING OBSERVATION SERIES
DAY #2
With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case