We all get another password (OTPS) and other secret bank information about the cellphone number that is linked to our bank account.
Banks and other financial institutions as well as e-Wallet companies regularly warn customers not to share this cellphone OTP with others, do not reveal personal details with anyone with the pretext of KYC phones and to save mobile numbers updated with SMS alert from all transactions.
The reason the customer must be on their continuous guard is because scammers continue to develop new tools and techniques to deceive innocent citizens.
The addition of the list is the SMS spoofing.
This is a technique where the sending information is changed in the SMS text.
This allows someone to send SMS disguised as another identity.
With simple words, the SPOOF SMS is one of the sender’s name and cellphone numbers changed to pretend not.
In our case, I.
banking, the sender ID is usually changed to make the SMS look valid and original from the bank.
How Sms Spoofing Workspaudter will send you an SMS and ask you to forward it to a particular number of the registered bank’s cellphone number.
After you continue the SMS, Scammer can link / register your mobile number with UPI on the smartphone.
He can then contact you to request details related to the account such as debit card numbers, ATM card pins, debit and otps card expiration date if needed.
Obtaining this credential allows it to create a personal identification number or MPIN Mobile Banking for your account registered on the device.
This MPIN will later be used to authenticate transactions from bank accounts.
In some cases, scamster can send ‘collect requests’ to your ID upi and ask you to approve the request.
This is usually done with the pretext of the refund offer.
Fall for feed, someone might authenticate the transaction, ending with money loss.