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Technology
Cyber Fraud Alert: Key Safety Checks Before Transferring Money Online
✍️ Facebook
🗓 13 Nov 2026, 04:48 AM
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With digital fraud rising, experts advise verifying all transaction details and avoiding unsolicited payment requests to protect personal finances.
As digital transactions become the norm in India, the risk of cyber fraud has increased significantly. Financial experts are urging citizens to exercise extreme caution before authorizing any money transfer to prevent falling victim to online scams.
The primary advice is to never share One-Time Passwords (OTPs) or personal banking credentials with anyone, regardless of how official the request may appear. Scammers often impersonate bank officials or government agencies to create a sense of urgency, pressuring victims into acting quickly without verification.
Users are advised to verify the identity of the recipient through independent channels, such as calling the official customer care number of the bank or organization, rather than using contact details provided in suspicious emails or messages. Additionally, enabling two-factor authentication on all financial accounts adds a crucial layer of security.
Authorities remind the public that legitimate institutions will never ask for passwords or OTPs via phone or email. If a transaction feels suspicious, it is safer to pause and seek clarification before proceeding.
The primary advice is to never share One-Time Passwords (OTPs) or personal banking credentials with anyone, regardless of how official the request may appear. Scammers often impersonate bank officials or government agencies to create a sense of urgency, pressuring victims into acting quickly without verification.
Users are advised to verify the identity of the recipient through independent channels, such as calling the official customer care number of the bank or organization, rather than using contact details provided in suspicious emails or messages. Additionally, enabling two-factor authentication on all financial accounts adds a crucial layer of security.
Authorities remind the public that legitimate institutions will never ask for passwords or OTPs via phone or email. If a transaction feels suspicious, it is safer to pause and seek clarification before proceeding.