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Internet payments have become increasingly popular, but so have cases of cybercrime, which make them risky. Cybercriminals may result in substantial financial losses. Here are five security guidelines to keep in mind while using UPI to make online payments:
Screen lock
Strong screen locks, passwords, and PINs are essential for preserving your phone’s security as well as the financial transaction and payment apps on it. This prevents unauthorised parties from accessing or leaking critical personal and financial information. It’s crucial to refrain from using obvious passwords like your name, birthday, or phone number.
Keep your PIN to yourself
By giving out your PIN to anyone, you open yourself up to fraud because unauthorised users could access your phone and carry out transactions. Your PIN should never be shared with anybody, and you should change it right away if you think it might have been compromised in order to stop any potential losses.
Avoid clicking on phoney links or responding to calls from unknown callers
To prevent money loss, be wary of phoney calls and links. Cybercriminals frequently call you pretending to be from banks or other organisations or send bogus messages with links in order to fool you into disclosing personal information like your PIN or OTP. Also, they can request that you download a third-party app for verification. It’s crucial to remember that banks never request such private information. Thus, avoid clicking on unconfirmed links and decline calls from shady sources or unfamiliar callers.
Update the UPI app frequently
To guarantee you have access to the most recent features and advantages, you must regularly upgrade your UPI payment app.Download the most recent version of the app from the app store after frequently checking for updates.
Don’t use numerous payment methods
Installing only trusted and verified payment programmes from the official app stores, such as Play Store or App Store, is advised to maintain the security of your online transactions. To reduce the risk of fraud, avoid downloading several payment apps to your phone.