Beware, cybercrooks can steal your money without OTP too

BENGALURU: As technology advances, fraudsters are employing new techniques to swindle people. We all think that without One Time Passwords (OTPs), money cannot be transferred, but now cyber fraudsters can take the money away from your account without an OTP too.

This is how the scam works. You are sent a message that looks to have bee forwarded from a bank. Once you click the link, the money is stolen from your account without an OTP. Over Rs 40 lakh has been stolen from Bengaluru Rural district alone using this technique.