Cyber Helpline No. 1930 managed to recover Rs 4.65 crore out of Rs 7.60 crore fraudulently transferred from the account of a businessman in Malad in a SIM swap case.
In SIM swap fraud, cyber fraudsters manage to obtain a person’s personal details and use them to apply for a new SIM card.
Once the new SIM card is activated, the old SIM card is disconnected. The accused then uses the person’s details to make the transaction and approve the OTP coming to the new SIM number.
In this case, on Sunday evening, when the Malad man realized that his and his son’s phone numbers were not working, the service provider told them that new SIM cards had been issued, officials said.
He then asked to check his bank account.
After the complainant found that Rs 7.60 crore had been transferred, he contacted the helpline number which managed to save Rs 4.65 crore. The police have registered a case and are searching for the accused.
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