In short
Credentials or authentication are stolen to gain unauthorized access to internet banking The objective is typically to access the account and transfer funds without authorization.
What it is
The victim may be sent to a fake login or persuaded to disclose login/authentication data. The victim is then pushed to enter or reveal banking credentials, OTPs or security answers.
How it starts
Credentials or authentication are stolen to gain unauthorized access to internet banking.
What they tell you
The victim may be sent to a fake login or persuaded to disclose login/authentication data
What they want you to do
Enter or reveal banking credentials, OTPs or security answers
How you lose money
access the account and transfer funds without authorization
What happens next
After the first successful step, the fraudster may demand more money/information, deepen account or device access, or disappear.
Warning signs
trust | urgency | fear | credential theft | phishing | account takeover
Where this is documented
India — officially documented by an Indian authority/regulator
How to avoid it
Use only the bank/payment app or official contact details; never share OTP, PIN, password or screen access; verify the payee and transaction purpose before approving.
If it already happened
Contact the bank/payment provider immediately if money moved; report financial cyber fraud promptly via 1930 and cybercrime.gov.in; preserve messages, transaction IDs, phone numbers and URLs.