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SIM swap fraud is simply a increasing concern, wherever cyber criminals instrumentality telecom providers into transferring a victim’s telephone fig to a caller SIM paper nether their control. This allows them to intercept delicate information, specified arsenic OTPs for online banking and different fiscal transactions.
A alloy trader successful Mumbai fell unfortunate to a SIM paper swap fraud successful which helium mislaid Rs 7.42 crore successful December past week. In SIM paper swap, fraudsters negociate to get a replacement SIM paper by posing arsenic a lawsuit and marque fraudulent transactions.
According to the complainant, connected December 22 past year, helium and his household were astatine location erstwhile they noticed that they were incapable to scope his member who uses the superior SIM paper for the company’s slope account. After investigating, they discovered that the SIM paper had been deactivated.
On December 23, the complainant visited an Airtel store to inquire astir the issue. The store unit confirmed that the SIM paper was inactive, suggesting that the telephone mightiness beryllium switched off.
Suspecting thing amiss, the complainant checked the institution slope relationship linked to the peculiar mobile fig and recovered aggregate transactions totaling implicit Rs 7.42 crore pursuing which they approached the police. The substance was handed implicit to the northbound portion cyber constabulary that is presently investigating the matter.
SIM swap fraud is simply a increasing concern, wherever cyber criminals instrumentality telecom providers into transferring a victim’s telephone fig to a caller SIM paper nether their control. This allows them to intercept delicate information, specified arsenic OTPs for online banking and different fiscal transactions.
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