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What are the reasons for 50% of UPI fraud cases under 10,000 rs?

Interesting psychological aspect here. People might be more careless with smaller amounts, giving fraudsters an easy target. Classic behavioral economics at play.

As it is simple to use and is operated by a large margin of people, so fraudsters must go with the flow to do scams 👀

Even fraudsters had to adopt to new tech to continue their job 😜

The 50% under ₹10,000 stat is eye-opening. Fraudsters are playing the volume game, banking on people being less vigilant with smaller amounts. This screams for better user education. Most UPI fraud probably relies on social engineering rather than technical hacks. We need to teach digital literacy