Soumya Prakash Pradhan

Online transactions have become an integral part of our daily lives. However, like all good things have a flip side, with the rise of UPI transactions, there has been a surge in cybercrime activities as well.

It is essential to take necessary precautions to safeguard your financial information and ensure secure online transactions.

Here are few safety tips to follow when making online transaction using UPI.

Screen Lock:

It is crucial to have a strong screen lock, password, or PIN to secure your phone and protect your payment and financial transaction applications.

A strong screen lock ensures that unauthorized individuals do not access your sensitive personal and financial information.
Avoid using easy passwords like your name, mobile number and girlfriend's name. These are easy to guess and can make you vulnerable to cyber attacks.

Do not share your PIN:

Never share your PIN with anyone. Doing so can make you vulnerable to fraud and unauthorized transactions. If you suspect that your PIN may have been compromised, change it immediately to prevent any potential losses. 

Do not click unverified links:

To avoid financial loss, be cautious of unverified links and fake calls. A cybercriminal often sends fake messages with links or claims to be from a bank or other organization to trick you into providing your personal details. These types of personal details are never requested by banks. 

Therefore, it is advisable to avoid clicking on unverified links and not to pick up calls from unknown numbers or suspicious sources.
Do not use multiple transaction application:

It is also very important to install only applications from the official app stores like Play Store or App Store. Avoid installing multiple payment apps on your phone as it increases the risk of financial fraud. It becomes difficult to keep track of all the transactions and identify any fraudulent activities.    

By following these safety tips, you can ensure that your online transaction using UPI are secure and hassle-free.