TL;DR — 15 Second Read
- →Scammers trick users into sharing OTP
- →OTP gives full control to complete transactions
- →Never share OTP with anyone
Severity🟠 HIGH
CVSS Score—
ExploitedNo
Fix StatusPatch available
Anyone using banking apps, UPI, or online payments
OTP scams are one of the most common cyber frauds in India. Attackers trick users into revealing one-time passwords (OTP), which are then used to complete unauthorized transactions. Even a single OTP can result in money being stolen instantly.
Step-by-step remediation
- •Do NOT share OTP
- •If shared → contact bank immediately
- •Block account if needed
- •Report on https://cybercrime.gov.in
What Happened
How the scam works:
- •You receive a call pretending to be bank/support
- •They create urgency (KYC issue, account block, refund)
- •You receive OTP
- •They ask you to share it
- •Money is transferred immediately
Signs You Are Being Targeted
- •Urgent calls about account issues
- •Asking for OTP
- •Unknown numbers claiming to be bank
Real-World Impact
- •Victims lose money instantly
- •Common across India
- •Often targets non-tech users
Prevention Tips
- •OTP is private—never share
- •Banks never ask OTP
- •Avoid unknown calls
Frequently Asked Questions
What is OTP scam?
A fraud where attackers use OTP to steal money
Can I recover money?
Possible if reported immediately
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Last updated: April 28, 2026