What's 'jumped deposit' scam? Here's how UPI users can stay safe
cyber scam called the «Jumped Deposit» scam that's been spreading. It targets UPI users by tricking them into authorizing unauthorized withdrawals from their bank accounts. Here's how it works: you get a small deposit in your account, and when you check your balance and enter your PIN, the scammer pulls the funds right out. It's sneaky and harder to detect, but don't worry—there are ways to protect yourself!
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Chetan Anand, National Cyber Security Scholar and Cybercrime Intervention Officer earlier explained to Bangalore Mirror, “Unlike phishing scams that ask for your personal information upfront, this scam relies on the victim’s action to approve the transaction. By simply entering the correct PIN to check the deposit, the victim unknowingly authorises the fraudulent withdrawal request. This method makes the scam harder to detect because the victim is actively involved in the process.”
Here’s how the «Jumped Deposit» scam works
You get a small, unexpected deposit (usually between ₹1,000 and ₹5,000) in your account. Curious, you open your banking app to check it out, thinking it's a refund or reward. But here’s the twist – by entering your PIN to verify the deposit, you unknowingly approve the fraudster’s withdrawal request. The scammer takes advantage of your action, and before you know it, your account is drained! It’s tricky because you think you're just checking your balance.
