5 types of digital banking fraud in India and safety tips to protect your money

Digital banking has made financial transactions faster, seamless and more comfortable. Still, the growing use of digital banking, online fund transfer platforms, UPI payments and mobile wallets has also increased the risk of cyber fraud in the country.

The reason for this is that scammers are constantly finding new ways to steal confidential information, critical data and banking details, making awareness the first step towards protecting both an individual’s finances and peace of mind.