OTP is a one-time password that is valid for only one login session on the computer system or any digital device. OTPs were once considered to be a super safe method to ensure security but not anymore. Steps to be safe from OTP Frauds.
Ways scammers can steal your money
- Pose as bank officials and access your information
- Access your smartphone by getting you to click on links
- Hackers will request your banks to change your registered phone number
- Contact the mobile operator with fake identity proof and request a new sim with the same number.
How to protect yourself from getting scammed?
- Never disclose your OTP and Pin Number to anyone
- Do not attend any calls from suspicious number
- Ask detailed questions from someone who claims to be a bank official
