Every now and then scammers are in to find new and innovative ways to continue their frauds. Now, the latest is affected mainly to SBI customers. SBI has warned its user via Twitter about the latest scam.
According to the new Indian express fraudster calls there target and convince them to upgrade there credit/debit card. Once they succeed in convincing them, they ask for there card details card number, CVV, expiry date.
After this, the scammer tells the victim that they will receive a link through an SMS or WhatsApp and they will have to click on the link in order to complete the upgradation process.
As the customer clicks on the received WhatsApp link, that particular link installs a malicious app in the background without the account holder’s knowledge. This app will now redirect the One Time Password (OTP) from account holders phone to the fraudster’s phone.
Once the SBI customer clicks on the link, the fraudster disconnects the call saying: Your card is upgraded.
Now, with all the necessary information know, the scammer will begin to make unauthorised transactions. To complete transactions he will use the OTP which he had already redirected to his number from the victim’s number by installing a malicious app.
SBI Issued Warning:
— State Bank of India (@TheOfficialSBI) March 9, 2019
State Bank Of India has released a statement on Official Twitter about the fraud. SBI advised reporting all the fraudulent transaction on 1-800-111109.