Don't Fall for OTP Scams: "Your Card Will Be Blocked" is a Trap

• Online fraud is increasing, with fraudsters tricking people into sharing OTPs, PINs, CVVs, or card numbers by posing as bank officials or other authorities.
• Fraudsters create fake emergencies like card blocking or offer enticements such as cashback to pressure victims into revealing their OTP, which is crucial for securing transactions.
• Sharing your OTP can lead to immediate financial loss, as banks may consider it "customer negligence" and refuse refunds, also risking identity theft.
• Be wary of calls asking for OTPs, pressuring you, offering rewards, requesting app installations, or appearing to be from official bank numbers (due to spoofing).
• To avoid fraud, never share OTPs or other secret keys, verify calls with official bank numbers, avoid unknown links, enable transaction alerts, and report suspicious activity to authorities.

Why It Matters: Understanding OTP fraud is vital to protect your money and identity from digital scams.