SIM Card Scam: Individual effortlessly breaches company’s bank account, making off with Rs 18.74 lakh.


In a startling disclosure, Navi Mumbai police have uncovered a sophisticated cyber theft, wherein a crafty individual utilized SIM card fraud to breach a company’s bank account, making off with a significant sum of Rs 18.74 lakh.

In a startling disclosure, the Navi Mumbai police have uncovered a complex cyber theft where an adept individual exploited SIM card fraud to infiltrate a company’s bank account, making off with a substantial Rs 18.74 lakh. The perpetrator gained illicit entry into the corporate bank accounts by manipulating the log-in credentials of a telecommunications services company, triggering a comprehensive investigation by the Cyber Police, initiated by the company’s September complaint.

The First Information Report (FIR) detailed the hackers’ skillful manipulation of corporate log-in credentials to breach the company’s financial stronghold. The investigation revealed the identity of the alleged perpetrator, Noor Islam Sanfui from West Bengal, who had received sensitive account details from the bank account holder, including critical information such as the ATM pin, chequebook, and mobile phone number.

The cunning modus operandi unfolded with the accused receiving a deceptive SMS notifying him of a SIM card deactivation, a ruse that went unnoticed by the victim. Shockingly, the same SIM card was found active in the possession of the accused, highlighting the intricacies of SIM card fraud.

SIM card fraud, also known as SIM swapping or SIM hijacking, served as the clandestine technique in this cyber heist. In this sophisticated scheme, fraudsters amass personal information about the target and impersonate the account holder when contacting the victim’s mobile carrier. By falsely reporting a lost or stolen phone, they successfully procure a new SIM card with the same phone number.

With the freshly acquired SIM card, the criminals intercept all incoming messages and calls, including two-factor authentication codes. This nefarious access enables them to breach online accounts, ranging from bank accounts to social media profiles and email. The compromised accounts then become tools for siphoning funds, conducting illicit transactions, and engaging in other criminal activities, including identity theft.

The arrest of the alleged perpetrator serves as a stark reminder of the vulnerabilities associated with SIM card fraud. Individuals and corporations are urged to exercise heightened vigilance against such sophisticated cyber threats, emphasizing the critical importance of cybersecurity measures in an increasingly digitized world.

Leave a Reply

Your email address will not be published. Required fields are marked *