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Elderly person using smartphone banking app with security overlay graphics
Technology
Wei-Ling Tan

Digital Banking Security Alert: Pension Scam Costs Retired Professor S$10 Lakh in Latest UPI Fraud

A sophisticated cyber fraud operation in Mumbai has resulted in a retired professor losing S$10 lakh through UPI manipulation. The case highlights critical differences between Indian and Singaporean digital banking security protocols, offering valuable lessons for regional cybersecurity frameworks.

cybersecurity
digital banking
pension fraud
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