Beware of the Latest OTP Scam: CA Manav Narang Warns Against Fraud Calls!

Scammers are constantly evolving, and CA Manav Narang has recently highlighted a quite frightening fraud where money was stolen without manually sharing an OTP!

This scam preys on the trust and exploits a lesser-known OTP-on-call feature, making it even more dangerous.

How the Scam Unfolded-

A scammer called Manav's friend, pretending to be a close reference from a trusted relative. They had engaged in a fake business discussion and, at the most right moment, arranged a conference call with some supposed verifier.

However, this second call was actually an OTP verification call from the bank! Unaware of the trap, his friend had accepted the call, allowing the fraudster to steal the OTP and siphon the money from his account.

The Key Takeaways to Stay Safe-

Never accept any kind of conference calls from unknown numbers.
Beware of OTP verification on calls—as scammers use this trick to steal access.
Always verify the unknown callers before engaging in sensitive discussions.
Enable additional security layers on the banking transactions.

Final Thoughts:

With digital frauds on the high rise, staying vigilant is very essential. CA Manav Narang urges everyone to be utmost cautious and spread the most awareness.

Don't let scammers outsmart you— share this information and always stay protected!

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