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.

Blog

 
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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