Pvt firm owner duped of Rs 7.5 c in SIM swap fraud, cops recover Rs 4.65 cr

Quick Summary:

In the SIM swap fraud, a form of identity theft, scammers trick the network provider into linking the mobile phone number of their target to a SIM card they have in possession and access to OTPs sent by the bank to the genuine person.

Police have managed to freeze a sum of Rs 4.65 crore out of Rs 7.5 crore lost by the Mumbai-based owner of a private company in a SIM swap cyber fraud, officials said.

This allows them to assume control over the victim's mobile identity, enabling unauthorised access to personal online accounts linked to the number.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Cyber Crime National Cyber Crime Reporting Portal SIM card Mumbai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 09:26:11 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24655616

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Official Website: business-standard.com

Update Frequency: 191 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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