Rising Digital Banking Frauds: Phishing, eSIM Hijacking, and Elderly Protection Tips

Digital banking frauds such as phishing, eSIM hijacking, and scams targeting elderly users are increasingly prevalent. Phishing involves fake payment requests to steal PINs, while eSIM hijacking transfers victims' phone numbers to criminals who intercept OTPs to access bank accounts. Experts advise limiting digital banking features for seniors, enabling transaction alerts, and never sharing OTPs or PINs with callers. Authorities emphasize public awareness to prevent financial losses from these evolving scams.