Every major fraud typology in this series depends on a downstream layer of mule accounts. This report treats that layer as the subject, not the footnote — moving the unit of analysis from the transaction to the entity and the network around it.
Read ReportThe Evolution of UPI Fraud
The authentication may be genuine. The transaction can still be fraudulent. This report examines UPI fraud as an evolving system of attack patterns, not a list of unrelated scams.
From Card Compromise to Digital Identity Compromise
Is the fraudster stealing the card, or stealing control of the customer's digital identity? Increasingly, the honest answer is the second — and that changes what card fraud detection needs to watch.
The Changing Digital Fraud Landscape
This is not another typology explainer. It is a quarterly intelligence view — connecting what changed across UPI, cards, lending, merchants and mule networks into one picture of where enterprise fraud risk in India is heading, and what FRM functions should prepare for next.
References for statistics, regulatory developments and ecosystem claims — RBI, NPCI, I4C/MHA and Government of India sources — are kept inside each report's Sources & References section, not on the resource cards. BANKiQ publishes and analyses; it does not aggregate.
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