YONO Scam Alert: With the advent of digitalisation, instances of cyber fraud are also rising rapidly. Scammers are actively defrauding people through various deceptive tactics and messages. To carry out their scams, fraudsters employ a wide range of methods, necessitating extreme caution on the part of the public to stay protected.
Almost daily, reports surface regarding new scams that cause significant distress to people. In response, banks are adopting innovative technologies to safeguard their customers against these fraudsters. India’s largest bank, SBI, has issued an important warning to users of its YONO app.
The bank has stated that cyber fraudsters are targeting individuals using increasingly novel methods. This implies that even a minor oversight could result in a major financial loss for you. Read on to learn essential tips on how to protect yourself from these scammers.
How to Avoid Fraud Perpetrated in the Name of YONO
Almost daily, scammers are observed on social media platforms attempting to defraud people by falsely claiming to represent YONO SBI. These fraudsters run sponsored advertisements using deceptive tactics. These ads often feature messages such as, “Forgot your username or password?”
They instruct users to “Click on this link to recover it immediately. SBI has issued a clear warning regarding this, advising users *not* to click on any such links. These links are entirely fraudulent and are designed to steal your banking credentials.
Stay Vigilant Against Scammers
If a user clicks on such a link and enters their personal details, they risk falling victim to fraud instantly. Consequently, the bank advises users to *always* use the official YONO SBI app or the official website, and to *never* share personal details in response to any unknown links, messages, or calls. In particular, you must *never* share your OTP or password with anyone.
Scammers Posing as Bank Officials
Scammers are adopting various guises to carry out their fraudulent activities. According to SBI, cyber fraudsters may contact individuals via phone calls, SMS, or emails while falsely identifying themselves as bank officials. They attempt to obtain sensitive information from users by using pretexts such as KYC updates, account suspension, or the lure of reward points.
The bank has clarified that no official will ever request an OTP, PIN, password, or card details via phone call or text message. If anyone does so, it should be unequivocally regarded as a fraudulent attempt. Users of the YONO SBI app, in particular, need to remain vigilant, as this application is directly linked to their bank accounts.
Which Numbers Does the Bank Call From?
It is essential to remain cautious regarding calls received in the name of the bank. Official calls from SBI originate from numbers beginning with 1600. If you receive a call from any other number, it is advisable to treat it as suspicious and refrain from engaging in conversation.
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