Bengaluru: Elderly man loses ₹7.44 lakh in alleged SIM-swap cyber fraud
A 62-year-old man in Bengaluru lost over ₹7 lakh due to a SIM-swap cyber fraud incident. The victim's phone was inactive for several days, allowing attackers to bypass security and drain his bank account.
Why it matters
SIM-swap fraud is an increasing threat to digital banking security, highlighting vulnerabilities in mobile authentication systems.
The East CEN Crime Police Station has registered a cybercrime case after a 62-year-old man allegedly lost ₹7.44 lakh from his bank account in what is suspected to be a SIM-swap fraud.
Factual reporting of a criminal incident based on a police complaint.
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