The Economic Times

Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report

New technology is bypassing UPI app security. Fraudsters are using a toolkit called Digital Lutera to steal money. This attack manipulates device trust, making traditional safeguards unreliable. Transactions worth lakhs have been processed in just two days. Victims' UPI accounts can be controlled on different devices without their SIM cards leaving their phones. Regulators and financial institutions have been informed.