Authorities in India have raised concerns about a new scam where fraudsters trick users into merging calls, leading to the unintentional sharing of One-Time Passwords (OTPs). This method allows scammers to complete unauthorized transactions and steal money.
The Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), issued a warning on its X account:
How the Scam Works
Fraudsters call unsuspecting victims, claiming they got their number from a friend. They then request the user to merge calls, supposedly with the “friend” who is calling from a different number. Once merged, the victim unknowingly connects with an OTP verification call from their bank.
By carefully timing the process, scammers trick victims into sharing their OTP, leading to instant financial fraud.
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