Whatsapp Screen Mirroring Fraud: One Video Call Can Empty Your Bank Account, Here’s how to prevent it – CNBC tv18

Online scammers have been devising new ways to defraud innocent people and committee financial crimes without leaving a trace of their identity. Many people may not be aware of the latest scam called the ‘Whatsapp screen Mirroring Fraud’.

In this scam, the potential victims can lose access to their bank accounts and may also face identity theft with just one video call thought whatsapp. Recently, Onecard Issued an advisory to its customers alerting them about this new way of Financial Fraud Via Whatsapp.

What is whatsapp screen mirroring fraud?

Fraudsters trick users into sharing their smartphone screens via whatsapp. They call Victims and Convince them that there’s a problem with their bank account or that they’ve won a reward, and they need to verify their account by sharing their screen.

So, Once the screen is shared, the scammers can View Sensitive Information in Real Time, Including Bank Details and Passwords And One-Time Passwords (OTPS). Experts and Financial Institutes, Including Onecard, Have Issued Warnings About This Scam While Sugging Several Preventive Measures.

Sheetal R Bhardwaj, Executive Member of the Association of Certified Financial Crime Specialists (ACFCs), Told the Economic Times, “Fraudsters Typically poses Institutions such as banks or financial service providers and under the guise of offering assistance, they convince Victims to share screen via whatsapp. “

How Does Whatsapp Screen Mirroring Scam Work?

The fraudster may ask you to switch your call to a Whatsapp video call to guide you through a tutorial or assist with Troubleshooting. Then the scammer may share a code or a malware link. Once you click on this link or use the code, the fraudster will remove the control of your phone and extract sensitive details like OTP, CVV, PAN and PASSWS and Thehn Carry Oout Trans for Out Tranges for Yours Card and Accounts even without your knowledge.

How to Prevent the Whatsapp Screen Mirroring Scam?

It’s Advisable to Never Accept Video Calls from Unknown or Suspicious Numbers. Also, Never Share your screen with unknown people. IF it is negassary, avoid using financial apps such as mobile banking, UPI apps, or e-wallets via any potentally vulnerable smartphones.

One essential step is to enable two-factor authentication on all your financial and message apps.