WhatsApp Banking Scam Alert: How a Fake ‘Reply NO’ Message Can Put Your Bank Savings at Risk
Cybercriminals are devising increasingly deceptive methods to cheat bank customers, and a recent WhatsApp fraud warning has raised fresh concerns about digital banking security. In this reported scam, fraudsters send messages pretending to be from a bank and claim that an unauthorised transaction has taken place. The recipient is then asked to reply “NO” if they did not make the transaction. The message creates panic and encourages an immediate response, potentially drawing the unsuspecting customer into a fraudulent interaction. Recently, Hyderabad had witnessed a case in which a chartered accountant reportedly lost a substantial amount of money after responding to a fraudulent WhatsApp message. According to the report, the victim did not share an OTP or click on a suspicious link, making the incident particularly alarming. ## How the ‘Reply NO’ Scam Works The scam typically begins with a message from an unknown or international WhatsApp number claiming that a certain amou...