Call Merging Scams and Financial Security Risks with Prevention Strategies

It is not uncommon for fraudsters to develop innovative tactics to deceive their targets, with one of the latest scams being the called merging scam in which the scammers attempt to gain unauthorized access to the victim’s accounts to defraud them. In many cases, the victims suffer substantial financial losses due to this scheme. 

There has been a warning issued by the Indian authorities in regards to a new scam that involves individuals being manipulated into merging their calls by scammers, who then subsequently reveal One-Time Passwords (OTPs) unknowingly. Using this deceptive tactic, fraudsters can gain access to victims’ financial accounts, which will enable them to carry out fraudulent activities. 

NPCI’s Unified Payments Interface (UPI), an initiative that was developed by the National Payments Corporation of India (NPCI), has expressed concern about this emerging threat. As a precautionary measure, UPI cautioned users on its X account of the risks involved in call merging scams and stressed that call merging scams pose a serious threat to users. 

As part of the advisory, individuals were advised to remain vigilant, stating, Fraudsters are using call merging tactics to deceive users into giving out OTPs. As part of its role to oversee the Unified Payments Interface (UPI), NPCI has expressed significant concerns about the growing cyber fraud epidemic

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