Thursday, 13 April, 2023

With the rise of digital payments, there is increasing threat of cyberfraud.

<p>Due to the rising implementation of this technology, there has been an exponential rise in digital payment scams since Covid-19 struck India in 2020. Due to the risk of infection from individuals or shared surfaces like cash or cards, most consumers preferred this channel for online buying and payments, which caused digitization to soar. The ensuing lockdowns also boosted India&#39;s digital payment industry as a whole and increased the use of digital payments.</p>