Karnataka HC holds BSNL liable for SIM swap fraud, orders Rs 50.5 lakh compensation
BENGALURU: In a verdict that sends a clear message to telecom service providers who enable SIM swap fraud through their negligence, they will be held fully accountable for losses caused due to cyber fraud.
The Karnataka High Court directed BSNL to pay Rs 50.50 lakh as compensation to Basaveshwara Pattana Sahakara Bank Niyamitha on account of seven fraudulent RTGS/NEFT transactions, which were facilitated by the unauthorised and negligent issue of duplicate SIMs by BSNL.
