Aadhar Enabled Payment System (AePS) frauds were 11% of the cyber financial scams that had its origin in India in 2023, an analysis by the Indian Cyber Crime Coordination Centre (I4C) has said. Most of these were committed in Bihar and Jharkhand.
Last year, the central government’s portal (cybercrime.gov.in) and 1930 helpline received 13,10,329 complaints regarding cyber enabled financial frauds. The AePS frauds included cloning of biometrics.
AePS is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/ her Aadhaar-enabled bank account and perform basic banking transactions such as balance inquiries, cash deposits, cash withdrawals, and remittances through a Business Correspondent/Agent.
