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Missed Call Fraud- South Delhi businessman loses Rs. 50 lakhs to a gang that sent him missed calls

The victim was duped using the SIM-swap technique in which the accused buy duplicate SIM cards from telecom operators on the pretext that they have lost them and then accesses confidential information from the banks

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New Delhi, December 14

In a bizarre and new nature of fraud touted as missed call fraud, a businessman in South Delhi was duped of more than Rs 50 lakhs by unknown fraudsters through missed calls. 

The businessman received a series of missed calls from an unknown number. He even picked up one of the calls but the caller didn’t say anything. Later, he found out that multiple transactions were made from his account and he lost over Rs 50 lakhs. 

The police suspect a Jamtara-based gang is behind the crime and are looking at the transaction details to identify the accused.

The police stated that the fraud took place though the businessman didn’t share any of his bank details and r OTP. 

The complaint was transferred to the IFSO unit and the team is investigating the matter.

The cybercrime officials stated that the victim was duped using the SIM-swap technique. According to banks, in case of SIM-swap frauds, the accused buy duplicate SIM cards from telecom operators on the pretext that they have lost them and then accesses confidential information from the banks.

The officials added that most platforms have weak two-factor authentications and many fraudsters work in connivance with employees working in telecom companies. Once they have duplicate SIM cards that work, they access all the information and use banking passwords. 



Tags assigned to this article:
delhi police cybercrime missed call fraud IFSO unit

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