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Check tips to save your money, how to prevent yourself from OTP frauds

A password that can only be used once to log into a computer or other digital device is known as an OTP. Swindlers find new ways to defraud you, so keep these money-saving ideas in mind.

Even if your phone or computer is sophisticated and secure, highly skilled hackers can still simply break in. The most common form of phishing involves OTPs. A password that can only be used once to log into a computer or other digital device is known as an OTP.

OTPs used to be considered an exceptionally protected method for guaranteeing security, yet entirely no more.


The various ways con artists can steal your money and how to avoid being conned are as follows:

Swindlers and con artists can take your money in the following ways:

  • To get your information, pretend to be a bank worker.
  • By forcing you to click on links, they can gain access to your phone.
  • Programmers will request that your banks adjust the telephone number you enrolled with them.
  • Send the mobile operator fake identification and request a new SIM card with the same number.
  • They send text messages with a deadline to open the link and ask you to do so.

How can you protect yourself from being conned?

  • Never give anyone your OTP or pin.
  • Never pick up a phone call from an unknown number.
  • A person claiming to be a bank representative should be asked specific questions.

Source

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