Your phone is infected by malware. The malware can then read your messages that contain the OTP and compromise your account. You are duped into revealing the OTP to a fraudster on-call/SMS/Email. Hackers can contact you via SMS, pretending to be your friend or relative, and will ask for a one-time password (OTP) they may…
A lottery scam is a type of advance-fee fraud that begins with an unexpected email notification, phone call, or mailing (sometimes including a large check) explaining that "You have won!" a large sum of money in a lottery. The recipient of the message—the target of the scam—is usually told to keep the notice secret, "due…
The National Payments Corporation of India (NPCI) has introduced detailed guidelines for banks to redress frauds perpetrated on customers and merchants where a misuse or an error in biometric data or UIDAI seeding on Aadhaar Enabled Payment System (AePS) have led to a loss of funds.
As per AePS fraud liability guidelines, introduced formally from…