State Bank of India (SBI) has released a warning to its customers alerting them of a new style of cybercrime. The bank has said that in such frauds customers get calls asking them to share their OTP in order to postpone their loan EMIs. "EMI Deferment does not require OTP sharing.
Do not share your OTP." SBI said in a tweet. Once the OTP is shared the amount is immediately siphoned away by fraudsters. SBI has warned its customers not to share their OTP Cyber fraudsters keep finding new ways to scam people.
The only way to beat the cybercriminals is to be alert and aware. Please note that EMI Deferment does not require OTP sharing.