Text message scams jump 146% in India amid rise in scam-led digital fraud: Report
New Delhi: Text message-based scams in India have surged 146 per cent, highlighting a sharp shift in the country’s digital fraud landscape towards scam-led attacks, according to the latest Digital Banking Fraud Trends in India 2026 report by fraud detection firm BioCatch.
The report said the rapid growth of the Unified Payments Interface (UPI), mobile banking, e-commerce and online investment platforms has made India’s fraud ecosystem increasingly digital, high-volume and driven by scams.
It noted that while attempted fraud sessions among BioCatch’s customers in India declined 12 per cent, the total value of attempted fraudulent payments increased 35 per cent, indicating that fraudsters are targeting higher-value transactions.
