People are falling victim to OTP fraud, govt agencies offer safety tips

Every day new cases of cyber fraud come to light in India where the victim is deceived in a very clever way. During this time even his bank account is emptied. To protect the innocent people of India from cyber frauds, some safety tips are given by the government agencies.

The Indian Computer Emergency Response Team (CERT-in), an agency under the Indian government, has published a post on X Platform (formerly known as Twitter) on how to protect yourself from OTP cyber fraud. With this, you can keep your hard-earned money safe.

Beware of OTP Fraud

The post mentions to beware of One Time Password Fraud (OTP Fraud). Security tips are also provided to prevent this from happening. For this, some key points have been mentioned by following which users can easily keep themselves safe.

CERT Posts

This article gives some special safety tips

• The call may be from a toll-free number similar to that of a bank or other financial institution. They may then ask you for an OTP etc. Be careful of such calls.
• Do not share bank details, bank debit card details, OTP, date of birth and account number etc. when receiving calls and messages from unknown numbers, even if it is wrong.
• To verify your bank number or any service, take the help of the official website.
• In the greed of cashback and rewards, never make the mistake of sharing OTP on call, message or online link etc.

Also read: Internet fraud: Delhi woman returned Rs 1,300 from Rs 1,000, ended up losing Rs 23 lakh

What is OTP fraud?

Banks often use OTP to verify transactions etc. and it is considered a secure medium. Cyber ​​fraudsters have taken advantage of this and defrauded many people. Cyber ​​thugs get your OTP through various excuses or with the help of eSIM. After that they even empty your bank account.

Also read: Google’s big preparation, this feature will prevent online fraud, will work on mobile phones like this

Many banks even offer personal loans through OTP and other methods. Recently, a woman living in Noida fell victim to eSIM scam. During this, money was withdrawn from the woman’s bank account. Apart from this, he also destroyed his fixed deposits and then also applied for a personal loan from the bank. In this way, he was defrauded of Rs 2.7 lakh.