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  • New financial scam exposed: How call margin fraud can drain your savings

New financial scam exposed: How call margin fraud can drain your savings

A new method of stealing money through UPI using call merging has been revealed. Stay vigilant by avoiding unknown calls, not sharing OTPs, and refraining from clicking on suspicious links.

1 Min read
Author : Ajay Joseph
Published : Feb 18 2025, 11:05 AM IST
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15

Cybercrime is on the rise. People are losing money through various fraudulent calls. New information has come to light. Merging calls can lead to emptying bank accounts instantly.

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25

Be cautious about UPI. Hackers are stealing large sums of money through call merging. While talking to a fraudster, the user will receive a call for an OTP.

35

When cybercriminals ask someone to merge calls, the OTP will be audible in the conference call. Cybercriminals will quickly use the OTP to empty the account.

45

Learn how to be aware. It's best not to respond to unknown calls or messages. Password-protect important apps and folders on your device.

55

Never click on unknown or suspicious links in messages. Do not share OTPs, passwords, or PINs.

Don't fall for tempting offers. Be careful. Money is being stolen through call merging.

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

 

About the Author

AJ
Ajay Joseph
With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences. Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats.
Cybercrime
 

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