PhonePe Blog
Featured
Trust & Safety
Identity Theft via KYC Fraud: How to Stay Protected
In KYC identity theft, fraudsters steal your personal information or create fake identities and use them to complete the KYC process fraudulently. Once verified, they gain unauthorized access to your accounts or use your KYC to open a new account, take loans and credit cards in your name, leading to financial loss and reputational damage.