Mumbai Businessman Loses Rs. 1.86cr After Getting 6 Missed Calls

[ JAN 07, 2019 ]

Mumbai Businessman falls victim for sim swapping attack, he lost Rs. 1.86cr from his bank account between December 27-28.

SIM swapping or SIM Hijacking is the technique used by criminals to register an already existing number on a new SIM card, so they can intercept the OTPs and can reset the login credentials.

By having control over the phone number attackers can bypass 2FA authentication and reset the passwords to gain access to the victim’s accounts.

It appears the attackers obtained the unique SIM number and have initiated the SIM swap. The SIM replacement appears to be filed on Dec 27 where on the next day around 2 am he had received six missed calls.

By having access to his phone numbers attackers intercept OTP to gain access to the account and allegedly transfer Rs 1.86 crore from his company account to 14 accounts through 28 transactions across the country.

The SIM swapping attacks are in raise and anybody can fall prey to it.

Cyber Security Tips :

  • The first warning signal can be your mobile network. If your phone is out of network continuously for a few hours, it’s an alert and you should complain the same to your mobile operator immediately.
  • Check your bank account statement regularly and also register for both email and SMS alerts for your banking transactions.
  • The 20 digits SIM number mentioned on the back of the SIM card is crucial. Never share it with anyone.
  • Do not put your mobile number on public display on social media or any other websites.

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