In a shocking revelation, the Navi Mumbai police have unraveled a complex cyber theft where a cunning individual exploited SIM card fraud to infiltrate a company's bank account, absconding with a substantial Rs 18.74 lakh. The malefactor gained illicit entry into the corporate bank accounts by manipulating the log-in credentials of a telecommunications services company, setting off a comprehensive investigation by the Cyber Police, prompted by the company's September complaint.

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

The ingenious 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 very same SIM card was found active in the possession of the accused, underscoring the intricacies of SIM card fraud.

SIM card fraud, alternatively known as SIM swapping or SIM hijacking, emerged as the clandestine technique employed 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.

Armed 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, spanning 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, reinforcing the critical importance of cybersecurity measures in an increasingly digitized world.

2023-12-07T12:31:02Z dg43tfdfdgfd