Bank Fraud Alert: Money deducted despite not receiving an OTP? Here’s how your bank account can still be drained.

Bank Fraud: If you believe that money cannot be withdrawn from your bank account without sharing an OTP, think again. Cyber ​​fraudsters can now withdraw funds from bank accounts even without an OTP.

Bank Fraud Alert: Cybercrime cases are rising day by day. Shockingly, fraudsters devise various schemes to dupe people and steal their hard-earned money in a single stroke.

Many people believe that money cannot be withdrawn from their bank accounts unless they share an OTP with someone. However, this is not the case. In reality, cyber fraudsters can now withdraw money from bank accounts without an OTP. Therefore, it is important to be aware of certain key facts.

Your phone can be compromised using this technique.

Cyber ​​fraudsters send fake messages or links; clicking on these links triggers the installation of an APK file. This grants the fraudster access to your phone, allowing them to easily view your banking details and other sensitive information.

Fraud via AePS

AePS stands for Aadhaar-Enabled Payment System. Transactions through this system do not require an OTP; instead, they utilize fingerprints or biometrics. Consequently, if a cyber fraudster obtains your biometric data or Aadhaar number, they can withdraw money from your account.

How to stay safe?

Lock your biometrics on the UIDAI website. You can easily unlock them whenever the need arises.
Do not download any links or messages received on your mobile without verifying them first; doing so could lead to your bank account being drained.
If you use social media, enable two-factor authentication on your accounts.
Additionally, ensure your banking-related accounts are kept secure. Do not share personal information.

Never post your personal number on social media. Cyber ​​fraudsters could use it to access all your personal details, potentially landing you in trouble. Therefore, always keep these important points in mind.