Give the OTP, lose the cash
Summary
A man in Solukhumbu lost Rs 2.4 million after sharing OTPs with a caller impersonating eSewa Service Center. The scam exploits fake Truecaller IDs to deceive victims into revealing their bank security codes, leading to significant financial fraud in Nepal's digital wallet ecosystem.
Key Points
- A resident of Solukhumbu lost Rs 2.4 million after sharing OTP codes with a scammer impersonating the eSewa Service Center.
- Fraudsters use fake caller IDs on apps like Truecaller to deceive victims into trusting them and sharing OTPs.
- Since last fiscal year, 223 OTP misuse complaints totaling Rs 5.50 billion have been filed at the Nepal Police Cyber Bureau.
- Nepal Rastra Bank has set transaction limits and mandatory KYC verification for digital wallets to improve security, but public awareness remains a major challenge.
