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The Times of India
The Times of India
National
Narayan Namboodiri | TNN

Mumbai: Businessman loses Rs 22 lakh to cyber fraudsters in SIM card swap scam

Mumbai Andheri

MUMBAI: A businessman from Andheri, AA Shah (57), lost Rs 22 lakh from his account in a SIM card swap fraud after cyber fraudsters got a new SIM card issued against one's registered mobile number via the mobile service provider.

Cyber police at the Bandra Kurla Complex (BKC) said with the help of this new SIM, they can get One Time Password (OTP) and other alerts required to carry out financial transactions through your bank account which is what happened in the case of the complainant.

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