The sender, which uses customized sender ID that mimics the ones used by bank, will give them a link to a phishing copy of a bank’s website.Īside from asking for your username and password, the trick also involves asking for your one-time password (OTP). Although it may seem like a mere variation of a phishing scam, this involves a bit more sophistication.īased on several accounts, a text message from a masked sender ID will inform them about an unauthorized transaction using their account. Just a few weeks ago, horror stories circulated about scammers trying-and in some cases even succeeding-on stealing money from people. What does an OTP mean? How does it help you secure your account? You might be the next victim so make sure you pay close attention to these details. OTP Meaning: Everything You Need To Know About One-Time Passwords And Security 5 min read By eCompareMo on August 27, 2020
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