OTP Scam: The use of internet and smartphones is increasing rapidly in India. It is as dangerous as it is beneficial. It is dangerous because financial fraud has increased due to the internet and especially the incidents of OTP scams are also increasing. In such scams, preparations are made to empty people's bank accounts. In such a situation, people should know what is OTP scam, how it happens and what are the ways to avoid it.
First of all, let us know what is OTP scam. In this type of scam, scammers trick people into sharing one-time password (OTP). This gives scammers unauthorized access to bank accounts, digital wallets or sensitive information. Usually, scammers call posing as representatives of banks, e-commerce platforms or government agencies. They win people's trust and take OTP from them and then empty their accounts.
To deal with this growing threat, India's cyber security agency CERT-In has issued security guidelines. Let's know how to avoid this scam.
Never share personal or financial details with anyone. Sharing this information over the phone or online can prove to be dangerous.
Always verify calls or messages by contacting the banks or companies directly through their official website.
If an offer seems too good to be true, ignore it immediately. Scammers also ask for OTP to redeem such offers.
Always keep yourself aware of the various scams that are going on and keep yourself updated on a regular basis.
By following these guidelines, you can greatly reduce the risk of becoming a victim of an OTP scam. Always prioritize your security and do not share sensitive information with anyone.
