A new cyber fraud known as Jump Deposit Scam is spreading its wings and hackers are trying to use it for exploiting people through Unified Payment Interface applications that are used for quick digital transactions via mobiles.

UPI has proved itself a new and efficient medium for optimized financial transactions and their management. However, the convenience of seamless payments has now become a new weapon for cybercriminals to extract money by misusing trust and abusing the curiosity of users.