A new wave of cyber fraud is targeting small businesses in Hyderabad, as miscreants have devised a scheme to pilfer digital payments through QR codes.
The scheme involves fraudsters pasting their own UPI QR codes over the legitimate ones displayed by vendors. This results in unsuspecting customers sending payments directly to the fraudsters’ accounts instead of the intended businesses.
The fraud has been discovered in various parts of Hyderabad, with many vendors falling victim to this deceptive tactic. The scheme not only impacts the businesses financially but also erodes customer trust in digital payment methods.