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Don't Let Your Account Get Drained: Recognize OTP Scammer Tactics and How to Fight Them
By VELSICURO
01 October 2025
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Don't Let Your Account Get Drained: Recognize OTP Scammer Tactics and How to Fight Them

The danger of One-Time Password (OTP) fraud is increasingly prevalent with the advancement of digital technology. An OTP is a temporary password used for account or transaction verification, serving as an additional layer of security. This code is unique, can only be used once, and is typically sent via SMS, email, or a phone call.

Fraudulent Schemes to Watch Out For

Two common OTP fraud schemes, as explained by the Financial Services Authority (OJK):

  • SIM Card Network Upgrade Scam: Scammers pretend to be mobile operators to convince victims to replace their SIM cards. By tricking the victim, the scammer gets the new card's activation code and mobile banking PIN, allowing them to take over the account and drain the funds.
  • Bank Fee Change Scam: Scammers scare victims with high bank fees and offer to "update data" to help. In this process, they ask for the victim's PIN or OTP to access and steal funds from the account.

How to Protect Yourself from Fraud

To avoid fraud, this article provides several important tips:

  1. Never Share Personal Data: Don't give personal information to strangers, especially if they claim to be from a bank or official institution.
  2. Verify the Source of Information: Always check the authenticity of suspicious websites, email addresses, or links. Never click on or download from unknown sources.
  3. Keep Information Confidential: Never give out sensitive information like your OTP, PIN, or credit/debit card data to anyone. Bank staff will never ask for this information.

Real-life cases, such as malware campaigns that stole OTPs from millions of Android users in various countries, prove that this threat is real and widespread. In conclusion, it's very important to understand how OTPs work, recognize scammer tactics, and always be vigilant to protect your financial security.

 

Source : https://cyberhub.id/pengetahuan-dasar/waspada-penipuan-kode-otp

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