Mumbai: A 40-year-old woman was duped of Rs 7 lakh by a fake bank official after she shared the one-time password (OTP) with the accused 28 times over a period of one week.
Banks, law authorities and the media have constantly warned citizens to not share bank details over the phone, especially the confidential CVV number and the one-time passwords.
Most fraudsters cheat unsuspecting individuals out of money and subterfuge as bank officials on the phone and it is important to note that no bank official will ever need to ask you for your one-time password.
According to reports, the woman in question is a certain Tasneem Mujjakkar Modak who told the police that online banking is a completely alien concept to her. The victim had around Rs 7.20 lakh in her account and on May 17, she received a call from the fraud who pretended to be a banker. He told her that her debit card had been blocked due to “technical reasons”. “He asked for her card details to unblock her debit card,” inspector (crime) BN Auti was quoted in ToI.
Modak proceeded to provide the goon with all the details including the 16-digit debit card number, name as printed on the card and the CVV, the paper further reports. Over the course of a week, she shared her OTP 28 times and the caller swindled her of Rs 6,98,973.
Reportedly, the transactions were carried out in Mumbai, Noida, Gurugram, Kolkata and Bengaluru and that the swindler used three mobile sim cards in order to contact Modak.