How to avoid cyber frauds explains Rajesh Rana

Cyber expect Rajesh Rana said that the whole fraud game starts with the sharing of OTP code. The first attempt of any fraudster is to get the OTP from his target in any way. Once the OTP gets revealed the fraud can transfer the entire amount from the victim's account in a few seconds.

Chandigarh:The practice ofdigital payment is being widely practised all over the country with the economy moving towards the cash-less economy. Although digital transactions are much more convenient than offline payment, there has been an increase in the cases of banking frauds in the last few months.

The primary victims of these frauds are people who opt for online bankings and digital transfers.

Recently, a man from Haryana's Yamunanagar received a call from an unidentified man who offered him a loan and made a payment of Rs five to him.

On receiving the payment, the man believed the fraudulent caller, however, within a matter of few minutes after that Rs 88,000 were siphoned off from his account.

OTP sharing reason of fraud: Cyber Expert

ETV Bharat spoke to cyber expert Rajesh Rana in order to understand more about the situation and how to avoid such frauds.

Rajesh Rana said that the whole fraud game starts with the sharing of OTP code. The first attempt of any fraudster is to get the OTP from his target in any way. Once the OTP gets revealed the fraud can transfer the entire amount from the victim's account in a few seconds.

Two ways of cheating:

• Obtain OTP and withdraw money from the victim's account.
• By sending cash requests on payment app and getting the transaction done by engaging in lies.

'Never share the OTP'

Rajesh Rana said the easiest way to avoid such crimes is not to share your OTP with any person in any case. If anyone wants to send money to you they only need to have your phone number.

The same is when you want to send money to anyone, you only need their phone number.

Carefully read every payment-related message

When receiving or while making a payment read any message that comes on your payment app carefully before clicking. Keeping these two small precautions in mind to avoid cybercrimes.

Avoid fraud

No government agencies, banks and other financial institutions solicit financial information from anyone through a message (SMS). If still in case you get any messages regarding the same, inform e-wallet platforms immediately.

Besides that, a complaint can also be made to the police or cybercrime cell. Customers should also keep in mind to not download any unverified app nor reply to the message on your phone. Avoid clicking on any unauthorized link.

This app is used

The most used app for fraud is the AnyDesk app which is used to give access to the third party to view the user's screen. It is a legal app, a remote desktop software tool.

Fraudsters also use the app to access the phone of the customers using which they steal the necessary details like the bank account number and other details.

HDFC Bank has also issued advisory about this app.