A retiree in Chennai fell victim to a cyber scam and lost a staggering 6.5 crore rupees. The unfortunate incident serves as a reminder of the increasing prevalence of online fraud in India. The retiree, whose identity has not been disclosed, reportedly received a phone call from a fraudster posing as a bank official. The scammer convinced the retiree to share personal banking details and OTPs, which were then used to siphon off the funds from the retiree’s account. This case highlights the importance of being cautious while sharing sensitive information online and verifying the credentials of individuals claiming to be from financial institutions. Cybersecurity experts advise individuals to never share OTPs, passwords, or banking details with anyone, as legitimate banks never ask for such information over the phone or email. Authorities are investigating the cyber scam to track down the perpetrators and bring them to justice. As online fraud continues to pose a threat to individuals’ financial security, it is crucial for people to stay vigilant and informed about the latest scamming techniques. This incident serves as a stark reminder of the risks associated with online transactions and the importance of taking proactive measures to protect oneself from falling victim to cybercrimes.