Vishing is a phone call scam where the scammer pretends to be from a legitimate institution like a bank. It is short for Voice Phishing.
How this could happen
You get a phone call from an unfamiliar number. The caller identifies himself as a representative of your bank, and tells you that you need to provide certain private information for a reason (to keep your account from being locked, etc.).
Because you’re convinced that it’s real, you provide the information being asked for.
The caller wasn’t really from the bank. He is a scammer with the goal of getting your money and the information that he doesn’t have yet- your One-Time Password (OTP), Card Verification Value (CVV), PIN, etc.
The scammer uses your sensitive data to access your bank account and steal your money.
Read more about how to avoid being a victim of Vishing and other scams in our tips page.