Real Life Stories

 
Businessman lost Rs 50 Lakh to SIM Swap Fraud

Thursday, December 12, 2019, 6:28 PM

Businessman lost Rs 50 Lakh to SIM Swap Fraud

A businessman lost Rs 50 Lakh from his bank account to SIM Swap Fraud as fraudsters replicated his SIM card and used it to authenticate online money transfers to 28 accounts. The victim had a bank account in a well-known bank and was using the phone number issued by a prominent telecom operator. The fraudster somehow managed to get a new SIM card with the same number from this telecom operator. When the new SIM card was availed with the same number, the SIM card which the victim had got deactivated and OTPs were sent to the new SIM card. Using the OTP sent to the new SIM card, fraudsters transferred Rs 50 Lakh from the victim's bank account through 28 transactions.

Real Life Stories

 
Rs 3.3 crore stolen from businessman's account using SIM swap fraud

Monday, August 26, 2019, 12:55 PM

Rs 3.3 crore stolen from businessman's account using SIM swap fraud

A 32-year-old Mumbai resident was arrested for fraudulently transferring Rs 3.3 crore from the bank account of a businessman to multiple accounts. According to cyber police, the accused stole the money using a SIM card swapping method. According to the police, the accused was keeping tabs on the businessman’s information and knew the victim’s mobile number. The accused approached the mobile service provider pretending to be the businessman and asked them to block his mobile number. After submitting fake documents, he obtained a new SIM card for the same mobile number. He then transferred the money using the OTPs he received for transactions on the new SIM.

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What to do in case of Online Banking Fraud?

Thursday, April 4, 2019, 6:24 PM

What to do in case of Online Banking Fraud?

What to do in case of Online Banking Fraud? Online banking is getting popular each day and with the help of online banking, you can carry out vario ...

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How To Avoid Digital Banking Frauds?

Tuesday, March 19, 2019, 4:05 PM

How To Avoid Digital Banking Frauds?

How To Avoid Digital Banking Frauds? India is fast moving towards a digital economy and after demonetization; many Indians prefer digital transacti ...

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Methods Fraudsters Use To Steal Money From Bank Accounts

Friday, February 22, 2019, 6:16 PM

Methods Fraudsters Use To Steal Money From Bank Accounts

Today, most citizens prefer doing things online, as it is easy and convenient. Be it booking a movie ...

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A Man Lost Rs 1.87 Crore To Missed Call

Wednesday, January 2, 2019, 6:30 PM

A Man Lost Rs 1.87 Crore To Missed Call

A Man Lost Rs 1.87 Crore To Missed Call Can you imagine someone stealing money from your bank account, just by giving missed calls on a phone numb ...

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Person Cheated By SIM Swap Fraud

Tuesday, December 11, 2018, 12:06 PM

Person Cheated By SIM Swap Fraud

Person Cheated By SIM Swap Fraud Today the World is full of frauds and scams. Every day, fraudsters come up with unique techniques to steal money f ...

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How To Save Yourself From SIM Swap Fraud?

Thursday, July 5, 2018, 7:41 PM

How To Save Yourself From SIM Swap Fraud?

Fraudsters are coming up with new techniques each day, to cheat innocent people and steal their hard earned money. Recently, a gang of fraudsters dupe ...

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What Is SIM Swap Fraud?

Wednesday, February 7, 2018, 7:42 PM

What Is SIM Swap Fraud?

Under SIM Swap fraud, the fraudster will first collect your personal banking information through Smishing, Phishing, Vishing or any other means. Under ...

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