NEW DELHI: Aadhaar Enabled Payment System (AePS) was introduced to ease payment and other transactions but the same technology is being misused by cyber criminals and has become a big nuisance for law enforcement agencies.
The Ministry of Home Affairs (MHA) has written to states and union territories (UTs) expressing concern about cybercriminals’ “misuse” of the Aadhaar Enabled Payment System (AePS) to perpetrate financial fraud.
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The Indian Cyber Crime Coordination Centre (I4C), the MHA’s nodal agency for cybercrime, wrote in a letter dated February 21 that cybercriminals are “cloning” the biometric data of Aadhaar users posted on state registry websites that house sale deeds and agreements.
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According to the I4C, this data is “cloned” with the purpose of carrying out unauthorised withdrawals via AePS. The agency requested that the state and UT governments instruct their revenue and registration departments to “mask” fingerprints on papers before uploading them to registry websites.
The I4C also urged state agencies to investigate such complaints, educate victims, and organise awareness campaigns. Cyber criminals are misusing the Aadhaar Enabled Payment System (AePS) to commit financial fraud because the system enables any user to deposit cash, withdraw cash, transfer funds, and check a statement using their Aadhaar number and biometrics.
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WHATS IS AePS
Aadhaar Enabled Payment System (AePS) is a digital payment system that allows people to conduct transactions using their Aadhaar number and biometric authentication. The system is designed to be easy to use and secure, but like any technology, it can be vulnerable to fraud. AePS fraud refers to fraudulent activities that take place within the AePS system, such as identity theft, fake transactions, or unauthorized access to personal information.
According to the authorities, cybercriminals are taking money from ignorant people’s accounts by replicating their biometrics and withdrawing funds via the Aadhaar Enabled Payment System (AePS).
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Aadhaar Enabled Payment System (AePS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar users to easily conduct financial operations using Aadhaar-based verification.
The AePS system aims to enable all sectors of society, especially those living in remote areas, to use Aadhaar to access financial and banking services.
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