Advertisements
Get Ignite
TRENDING
  • Submit Press Release
  • Our Team
  • Editorial Policy
  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Get Ignite

SBI Warns users to prevent Cyber frauds Online

by Gracia Wales
in Finance News
2 min read
SBI Warns users to prevent Cyber frauds Online
13
SHARES
Share on FacebookShare on Twitter

Cybercriminals are always looking for new targets for fraud. Usually, these vicious fraudsters hack an institution or service and defraud users. The same thing is happening to the customers of India’s largest bank, the State Bank of India (SBI). In this scam, hackers ask customers for OTP (one-time-password) to pursue the date of loan repayment. After getting OTP, money is being stolen from the customer’s account.

SBI has been aware of this fraud. The bank has made a post from its Twitter handle advising customers to be alert to such cyber scams. In a tweet, the bank said, “Cyber fraudsters are searching for new ways to counterfeit people. These cybercriminals can be defeated only by being alert and aware. Note that no one needs to tell OTP for EMI differential. Do not share your OTP with anyone. ‘

Cyber fraudsters keep finding new ways to scam people. The only way to beat the #cybercriminals is to #BeAlert & be aware. Please note that EMI Deferment does not require OTP sharing. Do not share your OTP. For details on EMI Deferment scheme, visit: https://t.co/wP3Xux99vI#SBI pic.twitter.com/2GZSHX3ONa

— State Bank of India (@TheOfficialSBI) April 5, 2020

Due to lockdown in the country, all banks are giving exemption to their customers on EMI payment until June 2020. While banks are trying to reduce the hardships, cybercriminals are looking at it as an opportunity for fraud. SBI calls as a fraudster bank employee to cheat customers. These fraudsters ask the customer to postpone the date of payment of the loan EMI. Bank customers unaware of cyber fraud tell OTP to these counterfeiters. After getting OTP, these cyber thugs can steal money from the account in seconds.

Advertisements

Also Read: WhatsApp’s big decision, limit in message forwarding

The bank has also posted a link to provide full and accurate information on the loan deposit to the customers. It says that SBI has started to differ the EMI and interest between 1st March 2020 to 31st May 2020. According to this, customers get a three-month grace in the total repayment period. You can also call the customer care number on the bank’s website to get information about it.

get ignite
Gracia Wales

Gracia is a senior writer at Get Ignite, where she covers media and advertising and co-hosts the Original Content podcast. Previously, she worked as a tech writer at Adweek, a senior editor at the tech blog VentureBeat, and a local government reporter at the Hollister Free Lance. She attended Stanford University and now lives in Brooklyn.

Advertisements
Share5Tweet3Send

Related Posts

Google Pay: Your personal data is being stored? Case in Delhi High Court on 14th
Finance News

Google Pay: Your personal data is being stored? Case in Delhi High Court on 14th

IRCTC
Finance News

IRCTC New Website: 10,000 tickets booking every minute

sensex
Finance News

Brexit Trade Agreement: Sensex-Nifty’s new record, reaches new high

Chinese economy
Finance News

Chinese Economy Prepare to Surpass the U.S earlier than anticipated

GDP growth to remain positive in FY21 3rd quarter, faster than expected recovery: RBI bulletin
Finance News

GDP growth to remain positive in FY21 3rd quarter, faster than expected recovery: RBI bulletin

Titan’s second-quarter results: Profit down 38% to Rs 199 crore
Finance News

Titan’s second-quarter results: Profit down 38% to Rs 199 crore

Next Post
WhatsApp Upcoming Features: From Multiple Device Support to Advance Search

WhatsApp Upcoming Features: From Multiple Device Support to Advance Search

About Us

At GetIgnite, We aim to bring impartial and accurate news and information about a wide range of topics within the Finance and Technology Field. We are a team of enthusiasts and professionals who work hard to produce a reliable piece of information. We cover a broad segment of the FinTech Industry and attempt to provide updates about changes taking place in this fast-paced world.

Contact Us

Email us at [email protected]

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Advertisements
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Terms And Conditions
  • Use Of Cookies
  • Our Team
  • Submit Guest Post

© 2022 GetIgnite. All Rights Reserved.

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial

© 2022 GetIgnite. All Rights Reserved.