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Prevent OTP frauds and shield your money by following these steps

One has to stay vigilant and proactive to safeguard your financial transactions and sensitive data from OTP scams. Here are several ways you could be protected from cybercriminals.

Written By: Saumya Nigam @snigam04 New Delhi Published : Nov 27, 2024 17:32 IST, Updated : Nov 27, 2024 17:49 IST
OTP scams, tech news
Image Source : FREEPIK Avoid OTP scams

One-time passwords (OTPs) are used to secure two-factor financial transaction authentication. Cybercriminals are exploiting users by stealing or tricking them into revealing OTPs, leading to unauthorised access to accounts and sensitive information.

Steps to prevent OTP frauds

  1. Avoid unsolicited requests: Legitimate institutions never ask for OTPs unless you initiate them. Be wary of urgent calls or messages requesting OTPs.
  2. Protect sensitive data: Never share personal or account details over calls, messages, or untrusted networks.
  3. Ignore suspicious links: Avoid clicking on unknown links claiming prizes or discounts. Search for official websites manually.
  4. Use trusted apps only: Download apps from verified sources and limit permissions to avoid data breaches.
  5. Prefer secure networks: Avoid public Wi-Fi for transactions. Use trusted networks or VPNs for online banking.
  6. Verify communication sources: Double-check email IDs, phone numbers, and senders' authenticity before sharing any data.
  7. Update contact information: Ensure your bank and financial accounts reflect your current mobile number and email to receive alerts.
  8. Monitor account activity: Regularly check your account statements to identify and report unauthorized activities.

ALSO READ: Flipkart Black Friday Sale to last till November 29: Massive discounts on iPhone 15, Pixel 9 and more

The Flipkart Black Friday Sale is live and it will last till November 29. The e-commerce is offering huge discounts on several smartphones which are available on the platform. Whether you are looking for a flagship device or a budget-friendly smartphone for yourself, this sale incorporates all kinds of categories when it comes to smart devices. Here’s a closer look at some of the deals and tips for smart shopping during the limited-period sales.

ALSO READ: This Vodafone Idea recharge plan to last for 12 weeks at just Rs 509: What’s new?

Vodafone Idea, India's third-largest telecom operator is still lagging behind the race of 5G network in India, and have been facing increasing pressure from its competitors (Airtel and Jio) due to this. To retain its user base, the company has further introduced several affordable recharge plans which come bundled with a budget-friendly 84-day offer.

The company offers an 84-day plan at Rs 509 that provides the following benefits:

  • Data: 6GB of high-speed data
  • Voice calls: Unlimited local and STD voice calls
  • SMS: 1000 free SMS in total
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