What Are Phone Banking Frauds?

The fraudsters pretend to be from a trusted company or bank and trick you into providing all your personal and critical information.

These phone calls are very similar to Vishing.

Common features of a phone banking fraud call include:

Automated message on the phone call

Pretending to be a telemarketing company

Being on a call with you in the guise of a “technician”, and they merge the call into a conference call. Hackers can steal OTPs through merged calls.

What if you fall prey to such a fraud?

Don’t worry. Go to the next section and learn about some safety best practices of phone banking security to keep your money and financial details safe.

To track your progress

What Are Phone Banking Frauds?

Common features of a phone banking fraud call include:

Continue reading the best practices of phone banking for security of account