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Showing posts with the label ONLINE FRAUDS

WhatsApp OTP scam: What is it, how it works, other things you need to know

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  A new scam has surfaced and the target this time is the popular instant messaging app WhatsApp . Hackers are sending texts to people pretending to be a friend or relative and asking for immediate help stating some emergency. The Whatsapp OTP scam is similar to other recent scams where hackers target to gain access to one-time password (OTP). Here is how it works and why one must be careful: What is this WhatsApp OTP scam? Hackers can contact you via SMS, pretending to be your friend or relative, and will ask for an one time password (OTP) they may have sent on your number by mistake. If you share the OTP then hackers will get access to your account and all your personal messages and media. The hacker can then send messages to your friends/relatives and can also ask money from them. What to do if this happens? One should immediately reset WhatsApp and log in again. To avoid the scam, it's always advisable to not share any information without confirming if the message is...

Online frauds: Ten tips to protect yourself from the ever-evolving threat

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As we become increasingly dependent on online financial transactions, here are a few ways to help you avoid losing your hard-earned money to fraudsters Technology News : Economic Affairs Secretary Subhash Chandra Garg recently said that India's digital economy was expected to touch the $1-trillion mark by 2022. As the scope of the country’s digital economy widens – as with every technological advancement – the increasing use of digital transactions also brings the high risk of online frauds. Unsurprisingly, therefore, as a recently released survey revealed, nearly one in four Indians has directly experienced fraud at least once while transacting online. The report suggested that greater digital convenience was linked to higher fraud exposure – presenting a problem for both consumers and businesses. Here are a few tips that could help you make safe transactions online: 1. Use smart apps: As reported by Business Standard a few months earlier, fintech players are comi...