Woman duped of Rs 7 lakh after she was tricked into sharing OTP multiple times

A Mumbai woman got a call from a person claiming to be a banker and asked for her card details. The caller told her that her debit card had been blocked for some "technical reasons". The woman naively believed the caller and shared her card details including the CVV number with him.

What unfolded later should serve as a wake up call to many who do not pay attention to the advertisements that urge people to be exteremely cautious about sharing their card details.

The woman, Tasneem Mujjakkar Modak, was cheated of Rs 6,98,973 after she shared her one-time passwords 28 times over one week, reported TOI.

The woman lodged a complaint at Nerul police station on May 29 where an FIR has been registeredr. The police said the transactions were carried out in Mumbai, Noida, Gurugram, Kolkata and Bengaluru, the report said.

Even if a person has access to card details, the user must know the OTP to complete the transaction. When any online transaction is done, the bank sends OTP to account holder's registred mobile number.

Modak's biggest mistake was to share the OTPs with the caller. A genuine call from a bank would never ask for OTP or the CVV number. The CVV number is printed on the back the debit card.