Hyderabad, Nov. 24 -- The Telangana cybercrime, on Monday, November 24, issued a caution to citizens over the sharp rise in OTP-related frauds, with scammers increasingly using deceptive calls, SMS, WhatsApp messages, fake customer-care numbers and phishing websites to gain access to bank accounts and digital wallets.

According to officials, once the OTP is obtained, fraudsters are able to make unauthorised transactions, access personal data and cause significant financial loss.

"Fraudsters are using several methods, including posing as bank representatives and seeking OTPs under the pretext of debit/credit card activation, KYC updates or account verification. Scammers are also offering fake refunds, cashback and reward points to extrac...