Airtel unveils AI-powered solution to combat OTP related bank frauds

New Delhi: Airtel on Wednesday unveiled Fraud Alert, an AI-powered solution that aims to provide real-time protection to customers against the rapidly-growing menace of One-Time-Password (OTP)-related bank frauds.

Fraudsters exploit the urgency often associated with OTPs for day-to-day services like delivery, and dupe customers into sharing banking-transaction-OTPs, exposing their account savings to the risk of fraud, an Airtel release said.

Airtel’s new AI-powered system identifies such potentially risky situations and warns the customers involved.