Half of the Indians have become victims of fraud in 3 years, these people have been targeted | Live Updates, Unveiling the Latest India News Trends

New Delhi: last Nearly half of Indians have been victims of financial fraud in 3 years. A new survey conducted by local circles has revealed that financial fraud has become very common in India. This has revealed a worrying picture of fraud. Nearly half (47%) of the 23,000 respondents from 302 districts in the survey confirmed experiencing some kind of financial fraud in the last three years.

In these fraudulent incidents, cases related to UPI and credit card have come to the fore. Let us know about this in detail.

Targeting UPI users

The latest survey highlights two key areas: UPI (Unified Payment Interface) and credit cards.

Credit Card Fraud: More than half (53%) of respondents who experienced credit card fraud reported unauthorized charges through domestic and international merchants or websites.

UPI Fraud: A large number (36%) of the people who participated in this survey also reported fraudulent transactions through UPI.

The survey also revealed that low reporting rates have exacerbated the problem. Local circles estimate that 6 out of 10 Indians do not report financial fraud to the authorities. The lack of reporting makes it difficult to track the true scale of the problem and take action.

Urgent action required

The survey also suggests some measures to deal with this problem, with the help of which you can easily avoid it. It is important to implement strong security measures and fraud prevention systems to protect consumers.

To create awareness among people about proper financial security practices and the need to report fraud so as to empower them to protect themselves.

RBI data shows upward trend

The survey also cited data from the Reserve Bank of India (RBI). The total number of fraud cases in FY24 was Rs 13,930 crore, which is almost half of the previous year. However, the number of cases has increased by a staggering 166%.

Citing a rise in financial fraud and low reporting rates, the survey issued a warning to both authorities and citizens. Implementing strong security measures and raising awareness are necessary steps to combat this growing threat.