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



A new scam has surfaced and the target this time is the popular instant messaging app Hackers are sending texts to people pretending to be a friend or relative and asking for immediate help stating some emergency. The 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 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 genuine. Also, you may activate the two-factor authentication on WhatsApp to increase your account’s security. 


The new scam poses a serious threat as recently, WhatsApp received the nod for its UPI-based Payments facility from the National Payments Corporation of India (NPCI) which also uses OTPs for transactions. In view of this, if your WhatsApp account gets compromised, then not just the data, hackers are likely to get hold of your bank account details. 


There have been incidents of frauds on other UPI apps as well in the past. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *