Fintech association launches awareness campaign about cyber fraud

A group representing the fintech industry on Friday launched an awareness campaign about unauthorised lending apps and cyber fraud in digital financial services.

Fintech Suraksha (FTS) will teach people how to spot fake lending apps, the importance of multi-factor authentication, safety practices while using payment services, and how to report online financial fraud, said the Digital Lenders Association of India (DLAI).

DLAI will use social media to create awareness among teenagers, senior citizens, and others to differentiate between unscrupulous financial schemes and registered DFS providers.