Sim Swap Frauds
SIM swap frauds have become a common phenomenon in India these days. Fraudsters often use creative means to defraud innocent victims into giving up details pertaining to their SIM card linked with their bank accounts so that they can steal money from them. Back in July 2018, a Delhi-based man lost a sum of Rs 13 lakh to a group of gangsters who defrauded him using the SIM swap fraud. And now, a new report suggests that a Pune-based man lost a whopping sum of Rs 93.5 lakh in a similar fraud case.
