online banking fraud: Ex-minister lost Rs 1 lakh in online fraud: Here is how scamster are using new tricks to empty bank accounts
An incident of fraud involving the swindling of Rs 1 lakh from MP Dayanidhi Maran's bank account has raised concerns about the vulnerability of digital banking security. Cybersecurity experts reveal that malicious apps can take control of a user's phone, intercept and delete OTPs. Combined with hacking into bank servers, fraudsters can carry out fraudulent transactions within minutes.
Source: indiatimes.com