tech π¨ India's UPI Leap: Convenience Outran Security
Scams involving fake refund codes and poisoned stickers are flooding global security feeds, pointing to a systemic issue. India's UPI, a homegrown, real-time payment system launched in 2016, bypassed traditional credit card infrastructure. This technological leapfrogging, while brilliant, skipped the mature fraud defense mechanisms built over decades elsewhere. The pattern shows that convenience arrives first, fraud exploits the gap, and security defenses are retrofitted later. πΈ