The eastern states of the country have high levels of digital or UPI fraud (41 percent) via payment apps and online marketplaces, according to a report.
West Bengal, Odisha, Bihar, Assam, Kashmir, Arunachal Pradesh, Meghalaya, Tripura, Nagaland, Mizoram, Manipur, Himachal Pradesh, and Sikkim face top fraud in KYC, according to TrustCheckr, a fraud data intelligence and analysis startup. back, digital wallet scams, fake selling, QR codes, UPI phishing, lottery scams, and social media financial fraud.
The top scammers are from Patna, Chandigarh, Kolkata, and Meerut for one of the top payment apps (15 percent), and most of the QR code scams are from Assam, accounting for 20 percent of the total distribution.
“Top cities where cheat syndicates are active are Kolkata, Delhi, Jaipur, Guwahati, Patna, Chandigarh and Meerut,” the report said.
When it comes to QR code fraud, most of the fraudsters posed as soldiers selling something on marketplaces.
“Digital scams can trick users into appearing legitimate by revealing some authentic details about them in order to earn their trust and move money. If it sounds too good to be true, caution should be exercised in such transactions . Our evaluation parameters can give a starting shot or indicate fraud early on, “said Shivraj Harsha, co-founder of TrustCheckr.
TrustCheckr identified over 1 million fraud cases in B2B and B2C, 25 percent fraud in KYC and 20 percent in QR codes in the last 15 months, while B2B fraud was mostly carried out with 30 percent forged identities and 25 percent fraud with synthetic identity.
“The common thread in digital payment fraud is phone number and email address. We check phone / email fraud signals, check customer authenticity based on historical fraud trends, fraud records and history, and provide simple REST APIs with phone numbers as input and integration ready in less than 48 hours, “said Adhip Ramesh, Founder of TrustCheckr.
