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Criminals use Paytm-related phone calls to loot money from bank accounts!

Wednesday, September 23, 2020 • Tamil Comments

Criminals use Paytm-related phone calls to loot money from bank accounts!

A new way of phishing of Paytm users is in the town. Cybercriminals are exploiting the widespread use of the wallet service to dupe unsuspecting people into parting with confidential information.

First, the criminal calls you up asking for Paytm KYC verification, saying that your Paytm account will be suspended if the verification is not done.

Second, he will ask you to download an app named Quick Support or some other app.

Third, he will then ask you to transfer a nominal amount of money from your bank account to your Paytm account.

This is where phishing becomes possible alongside the app that the caller made you install.

Fourth, while you are busy doing the transfer to your Paytm, the fraudster will silently phish all the confidential information related to your debit card, credit card, or bank account.

In no time, without needing OTP or PIN, he will be able to steal your entire money.

Beware, folks!

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