Doctor in Karaya loses Rs 11 lakh in SIM swap fraud

A doctor from Karaya fell victim to a SIM swap fraud scheme, resulting in a loss of Rs 11 lakh. In this type of attack, fraudsters manipulate telecom operators into transferring the victim's phone number to a new SIM card under their control. Once they gain access to the phone number, attackers can reset passwords for bank accounts, digital wallets, and other sensitive services. This enables unauthorized access to financial accounts and funds. The incident highlights the vulnerability of SIM-based authentication systems and the need for stronger verification protocols by telecom providers. Victims are advised to register complaints with cybercrime authorities and their banks immediately upon discovering unauthorized access. Source: The Times of India.