Digital payment frauds in the times of COVID-19 and how to fight them

 The COVID-19 pandemic has impacted the world in an unprecedented manner. It has put breaks on most of our economical activities due to which all the businesses in the world are suffering. Other than that it has forced most of the consumers to opt for digital payments. With social distancing becoming the new normal in times of COVID-19, consumers have no option other than going for contactless and digital modes of payments.



But with this rapid increase in the use of digital payments comes the fear of digital payment frauds. It’s important to note many people were already sceptical about the security of the digital payments in past. And digital payment frauds are not even a new thing as we see these frauds on news very often.

But now, with almost everyone using digital mediums for payment, the question arises is that if the digital payments are safe? Especially, when fraudsters and hackers have become active in times of COVID-19?

In this article, we will talk about digital payment frauds in the times of COVID-19 along with possible solutions that can battle these online payment frauds.

First, let’s understand why a pandemic is a perfect time for scammers and fraudsters?

The situation of panic and uncertainty created by COVID-19 is suitable for frauds because of the following reasons:


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