PHONE STOLEN? 

5 TIPS TO AVOID LOSING MONEY ON UPI 

Published By MintGenie Team | 13 Oct, 2023

Growing Threat of Mobile Phone Theft

An incident involving mobile phone theft leading to UPI fraud highlights the increasing risk of such crimes
Credit : Unsplash

Hackers Exploiting Stolen Mobiles

Thieves are now hacking stolen mobile phones to access data for fraudulent activities
Credit : Unsplash
Here are the preventive measures you can take to safeguard your phone from such fraud
Credit : Unsplash

Mobile and Transaction Passwords

Ensure double protection by using a mobile password to secure access to financial apps and another password for transaction authorization
Credit : Unsplash

 UPI Blocking

If your mobile phone is lost, promptly block your UPI account by contacting customer care from an alternate phone
Credit : Unsplash

Limit UPI Apps

Use a single UPI app and consider keeping a limited amount in the mobile wallet to minimize potential losses if compromised
Credit : Unsplash

Choose Secure UPI Apps

Research UPI apps and opt for the most secure ones, as not all apps may offer the same level of safety
Credit : Unsplash

Regulatory Scrutiny

Keep tabs on regulatory actions, as some UPI apps face restrictions due to supervisory concerns
Credit : Unsplash