Hyderabad: With victims losing Rs.50,000 to Rs. 2 lakhs, the state is facing rise in credit card frauds. Over 60 such cases have been booked across the city recently, where the fraudsters lured the victims in the guise of a bank employee asking them to clear dues or increase the limit.
In a recent incident, a 28-year-old private employee from Borabanda lost Rs 87,000. “The accused asked for a one-time password (OTP) and said that the transaction could not be completed due to a problem,” said the victim. The victim provided his OTP seven times and in the process, lost Rs 87,000. The accused had lured him by asking him to clear his credit card dues.