In a rare occurrence of Bank Fraud, a businessman from Mumbai loses Rs 1.86 Crore Through Missed Call. Though the Cyber Crime Police Officials and others are clueless about the mode of the fraud but they believe that it was done using SIM SWAP. Interestingly, the person with highest level of technology literacy are also being felled through this method of fraud.
The person had six missed calls from two numbers on his mobile phone. One of the numbers had the United Kingdom dialing code +44. After the calls, the businessman realized that his SIM card could no longer be used when he tried dialing the numbers in the morning. The hackers had allegedly deactivated his number.
Upon inquiring with the mobile service provider, the victim was told that his SIM card became dysfunctional after a request was made in his name for a new SIM card. Apparently, the businessman had linked all the details of his company’s account to his mobile phone.
Cyber experts call it the “SIM swap“, in which criminals gain access to the data and use the OTP that is required to transfer funds. SIM swap is a relatively new and technologically advanced form of fraud that allows hackers to gain access to bank account details, credit card numbers, and other personal data.
