SBI OTP fraud: Check how to avoid falling for the scam or lose your savings

Banks often tell customers not to share One-Time Password (OTP) or click on dubious links that might be a part of a scam. 

New Delhi: With the rising usage of technologies in financial transactions, there has been a sharp rise in the number of cybercrimes happening across the world. As a result, banks frequently share advisories with their customers regarding best practices to follow while transacting online. Banks often tell customers not to share One-Time Password (OTP) or click on dubious links that might be a part of a scam. In one such scam, SBI bank customers are being targeted by Chinese hackers.  Hackers are targeting SBI customers in the name of KYC verification, according to a report by CyberPeace Foundation and Autobot Infosec. As part of the scam, hackers will first send an SMS or a WhatsApp message asking customers to update their KYC via a link in the message.  Upon clicking on the malicious links, customers are asked to update their KYC details. Separately, you’ll receive an email regarding the same from the hackers. The link redirects you to a web page that looks exactly like the original SBI website.