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One-Time Passwords (OTP) scams are a type of fraud where scammers try to steal your personal information or financial accounts by tricking you into providing them with your OTP.
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OTP Meaning • You receive it via SMS or email while carrying out a financial transaction • It means the one-time password
How Do Scammers Conduct OTP Scams? • Scammers pose as executives from lenders. • They could put malware on your laptop or smartphone. • They will force you to share your OTP and other sensitive information.
Avoid Fake Apps Beware of fraud mobile applications and avoid installing them
Beware of Suspicious Links Avoid clicking on any links in your email if they are from an unknown source.
Never use a public computer Avoid financial transactions in cyber cafe
Check Contact Details Cross-check the lender's information with the details given by the impersonator.
Website security Proceed on a website only if it is HTTPS.
Avoiding OTP scams is simple if you are aware of how these scams are carried out and are familiar with how to avoid them.
Thanks, • Would Love to hear from you. • Hero FinCorp Limited • 09, Basant Lok, Vasant Vihar, • New Delhi - 110057 • Tel: 18001024145 • Email: customer.care@herofincorp.com • Website: https://www.herofincorp.com • Know More: https://www.herofincorp.com/blog/tips-to-avoid-otp-frauds