A terrifying banking fraud, the researchers are calling “SIM SWAP”, recently preyed upon a Mumbai based businessman.
Reportedly, Rs.1.86 crore was harvested from this man’s bank balance via 6 late night missed calls.
Numerous other such cases of “SIM-SWAPPING” have also come to light in the metro cities of Bengaluru, Delhi, Bombay, and Kolkata and the police cyber-cells are working on them.
This baffling fraud is not just subjective to people with lack of cyber knowledge or lack of critical thinking, technologically active people could also easily get drowned in the scam.
This seemingly stupid and unbelievable method of scamming people is fairly obvious to other parts of the cyber-world.
Despite being quite fresh in India, it has already affected a lot of people around the country and has targeted a fair number of “not-so-aware” mobile phone users, leaving their bank accounts pretty light.
When users switch from their old generation SIM cards to the upgraded versions, meaning when they change their 3G cards to 4G they use a technology called, “SIM SWAP” to register the new SIM card.
This technology had also come into play when the older SIM cards got switched by nano cards.
’Hi I am Dron Patel 3rd year computer engineering student. ’ I am passionate about ethical hacking’ Inspired to make things looks better.
- Dribble
0 comments:
Post a Comment