SIM Swap Fraud: Noida Woman Loses Rs. 9.5 Lakh by Upgrading SIM from 3G to 4G

A resident of Noida was illegally cheated for Rs.9.5 lakh by cybercriminals on the pretext of upgrading the 3G SIM card to 4G

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A resident of Noida was illegally cheated for Rs.9.5 lakh by cybercriminals on the pretext of upgrading the 3G SIM card to 4G. Varsha Aggarwal, a resident of Noida sector 8, told in her FIR that, On May 7, she received a call from a person who introduced himself as customer care executive of the mobile network company. He said that she is using a 3G mobile SIM and if she did not upgrade the SIM into 4G her 3G SIM will stop functioning soon. By convincing her, the person asked her to fill in for the SIM swap request with the telecom operator to start the process of upgrading the SIM to 4G.

He also told her that during the upgrade process her SIM card will remain disabling for 72 hours. Her number was activated on a new SIM card, which was used by the cybercriminal to hack her bank account. But when her SIM card did not activate for 6 days she got dubious and also her bank account details were stored on her SIM card.

Varsha when went to her bank the bank officials told her that someone has accessed her savings account, liquidated her fixed deposit, and transferred Rs.9.52 lakhs in 22 transactions between 8-11 May to an account in Jharkhand.



 On Friday, The cyber cell lodged an FIR under section 420(cheating) and 66 of the IT Act. The Cyber Criminals, Police official told that Varsha was allegedly tricked into filling SIM swap request with her mobile network operator and activated her number into new SIM card only to hack her account as the account details were stored on her SIM card and were linked with same phone number and used it to transfer money to another account in Jharkhand.

Baljeet Singh, In-charge of cyber cell in Noida, eliminates the possibility of involvement of any bank official in the fraud. He said “The accused stole the money in a legitimate way after swapping the SIM of the victim. We will soon arrest them.”

Summary
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SIM Swap Fraud: Noida Woman Loses Rs. 9.5 Lakh by Upgrading SIM from 3G to 4G
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A resident of Noida was illegally cheated for Rs.9.5 lakh by cybercriminals on the pretext of upgrading the 3G SIM card to 4G
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THE POLICY TIMES
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