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No OTP or passcode, a Delhi man duped by Jamtara scammers with Rs 50 lakhs via SIM-swapping scam.
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The victim, who serves as the director of a security company in south Delhi, encountered multiple blank and missed calls on his phone post 7 pm a few days back. As per the report, the victim avoided some calls, but when he did answer, there was dead air on the other end. However, when he checked his phone after a while, he was shocked to see notifications about Real Time Gross Settlement (RTGS) of fund transfers for almost Rs 50 lakh.
SIM swapping is thought to have been used to pull off the scam. The case has been filed. However, citing a source, the report mentioned that this instance represents one of the largest financial frauds against an individual documented from the capital.
In this type of scam, fraudsters pose as the victim and ask their mobile provider for a new SIM card. This gives them access to the victim's phone number and lets them listen in on calls or messages. It is a sort of cybercrime in which crooks go around two-factor authentication to access a victim's mobile number. They call the SIM provider while posing as the original owner to accomplish this. Once the fraudulent SIM is turned on, they can access the victim's mobile number and make and receive phone calls and text messages.
Using this relatively recent method of operation, the crooks appear to have targeted individuals across the nation in the recent past.