Shocking! Crooks steal money without OTP from this man's bank account in online scam: Report
Cybercriminals are getting smarter by the minute and are coming up with scary tactics to steal money from innocent people. They are even able to use technology that allows OTP bypass online scams to happen. Just a couple of months ago, a businessman lost almost Rs. 1 Crore after his smartphone got hacked without his knowledge. But now, it seems hackers are directly attacking the online bank accounts of individuals. In a terrifying new online scam, police have found unknown beneficiaries added to net banking accounts of the victims who have mysteriously lost large sums of their money - all without ever receiving an OTP to approve the transaction. It is incredibly important that you know how this new crime is being conducted and that you protect yourself from it.
According to a report by The Times of India, a scary new cybercrime has come to light in Gujarat. A few victims have complained that their hard-earned money was stolen from bank accounts without them ever finding out about the transaction as not even an OTP from the bank was received by them. Usually, when money is transferred through online banking (except when using an online wallet or UPI), users get an OTP (one time password) text message to confirm the transaction. But this never happened in this case. And it gets scarier.
The reports suggest that in all the cases, the net banking account had unknown beneficiaries added, without them being aware of it. It is strange since users have to get an OTP to accept the beneficiary. But in this case, they were just added without authorisation from the bank account holder.
“As per the complaint, an unknown account got added as a beneficiary in the victim's netbanking account. The victim didn't initially pay attention as he
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