Bank otp fraud
People are falling prey to an online banking scam and it is resulting in people losing lakhs of rupees. If you thought that OTPs are the safest mode of transactions, you are in for a shocker. There are fraudsters using OTP’s itself to carry out fraud transactions.
This is how it all happens. It simply begins by fraudsters posing as bank employees and asking people to grade up their debit or credit card with new exciting offers. The customer falls prey to this. The fraudster will then ask for card details to verify and issue a new card to you. Once you share the card details, there will be an SMS sent to you with a link. The link redirects to an app which is a malware planted by the fraudster. The user installs the app and the apps simply starts redirecting all SMS from the user’s phone to the fraudster’s inbox.
The fraudster can now easily carry out transaction by entering the card details which they already have and then get the OTP easily.
This scam is affecting a lot of people and causing huge losses to its customers. The cyber cell is taking steps to track this down and put an end to it.
Florida’s food scene is heating up! This year, five restaurants in the state earned new…
The iconic SS United States, once the fastest transatlantic ocean liner, is set to start…
Tensions between India and Pakistan are rising again after a deadly attack in Kashmir earlier…
Former US President Donald Trump has accused the previous Joe Biden administration of interfering in…
Royal Challengers Bengaluru (RCB) will take on Rajasthan Royals (RR) today at the M. Chinnaswamy…
A new investigation reveals that five terrorists were behind the Pahalgam attack in Kashmir’s Baisaran…
