Rs 4.65 crore lost in SIM swap fraud recovered through cyber helpline number

THE CYBER helpline number 1930 managed to recover Rs 4.65 crore of the Rs 7.60 crore fraudulently transferred from the account of a Malad-based businessman in a SIM swap case.

In a SIM swap fraud, cyber fraudsters manage to get personal details of a person and use it to apply for a new SIM card.

Once the new SIM card is activated, the old one gets disconnected. The accused then uses the person’s details to make a transaction and approve the OTP that comes on the new SIM number.