47% of urban Indians faced financial frauds in last 3 years: Survey

As many as 47 per cent of urban Indians said either themselves or someone in their family have been a victim of financial frauds in the last three years, said a survey.

Among the urban Indians who have experienced financial fraud in the last 3 years, 43 per cent experienced fraud with their credit card while 30 per cent experienced fraud via UPI transactions, the survey conducted by LocalCircles said. “Nearly 1 in 2 credit card fraud victims experienced unauthorised charges by domestic and international merchants and websites,” it said.