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OTP
Updated news related to OTP
How to avoid OTP code scams
Nowadays, one-time passwords (also known as OTP codes) have become an important layer of security, helping to protect our online accounts from unauthorized access. However, along with that convenience, fraud related to OTP codes is also becoming more and more sophisticated and complex.
Digital transformation
Singapore banks to phase out OTPs to prevent online fraud
With the aim of enhancing security and effectively preventing fraudulent activities, major banks in Singapore are gradually eliminating the one-time password authentication method (also known as OTP - One Time Password) and switching to using digital tokens.
Prosecution of a group of fraudsters who entered OTP codes into bank accounts to appropriate them
The Public Security Agency has just served the Decision to initiate criminal proceedings, prosecute the accused and execute search warrants and arrest warrants to detain the subjects Le Van Tuan (born 1989), Nguyen Van Tuyen (born 1992) and Le Thanh Duc (born 1991) for the act of "Using computer networks, telecommunications networks, and electronic means to commit acts of property appropriation" as prescribed in Clause 4, Article 290 of the Penal Code.
Lost nearly 100 million VND because of instructions on 'increasing credit card limit'
Because she was gullible and believed the words of an impersonator who called to advise and guide her on increasing her credit card limit to receive a shopping voucher, Ms. Lan Anh provided her account number and OTP code to the subject and had nearly 100 million VND in her account stolen.
Sending OTP code to a stranger, man lost 400 million VND
The authorities have just decided to prosecute the case, prosecute the accused, and temporarily detain Le Phu Quoc (born 2001) for the act of "Fraudulent appropriation of property".
Falling into the trap of a new scam 'canceling credit cards'
Following the subject's instructions, Ms. D provided the OTP code sent to her phone to authenticate the card cancellation request. In fact, these were OTP codes used to transfer money to pay for online orders made by the subject to appropriate her money.
Viettel Money refunds 50% of university and college admission registration fees
(Baonghean.vn) - To support candidates in this year's admission season, from August 24, 2022 to 5:00 p.m. on August 31, 2022, Viettel Money applies a special PROMOTION when customers pay university and college admission fees.
Be careful when renting or borrowing bank accounts.
June 4, 2022 09:18
(Baonghean.vn) - During the investigation of cases of using high-tech devices to fraudulently appropriate property on the internet, the authorities discovered that the subjects mostly used bank accounts that were not their own as addresses to receive fraudulent money.
Call forwarding scam to gain control of e-wallet
March 20, 2022 15:43
Hanoi police have just warned about the trick of impersonating switchboard operators to take control of users' SIM cards and calls, then log into accounts and steal money.
Lost 6.1 billion VND in account because of installing fake app
January 31, 2021 19:56
Ms. Minh said she believed the scammer and installed fake spyware from the Ministry of Public Security on her phone, which resulted in 6.1 billion VND being stolen from her bank account.
BAC A BANK launches Smart OTP authentication method for corporate customers
November 12, 2020 09:17
(Baonghean.vn) - From November 11, 2020, Bac A Commercial Joint Stock Bank (BAC A BANK) will deploy a new safe and secure authentication method Smart OTP to replace SMS OTP on the e-Banking channel for businesses.
Warning about fraudulent tricks to appropriate property of online sellers
June 4, 2020 20:54
On June 4, the Ministry of Public Security's website issued a warning, discovering a new trick used by criminals to appropriate property from online sellers and small and medium-sized businesses and individuals.
7 notes for safe Internet Banking transactions
February 5, 2018 09:53
(Baonghean.vn) - Recent cases of hundreds of millions of dong lost in bank accounts are a wake-up call for those who are indifferent to their money.
Can criminals even fake bank messages?
November 7, 2017 22:14
Not only can card criminals pretend to be depositors to trick account owners into providing their login names and passwords for electronic banking, they can also send messages via the bank's phone number.
Money lost because OTP code was stolen
September 28, 2017 19:37
By the time people enter their OTP code into the screen as requested on the fake website link, the scammer has completed the fraudulent transaction, while the account owner still thinks he is making a transaction to receive money from abroad.
5 rules to limit risks with online banking
August 13, 2016 21:13
The development of technology brings convenience in online transactions but also poses many security risks.
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