The Delhi-based victim received several blank calls in less than two hours and soon found several RTGS transaction messages.
The Delhi-based victim received several blank calls in less than two hours and soon found several RTGS transaction messages.
According to a report by Times of India, the victim received repeated blank and missed calls on his cell phone between 7 pm and 8.45 pm a few days ago. While he ignored some of the calls and few when he picked up, no one spoke from the other side. However, later when the victim checked his phone to see messages, he was shocked to see messages of Real Time Gross Settlement (RTGS), i.e. real-time settlement of fund transfers for nearly half a crore.
Cops say that the scammers have used a ‘SIM swap’ technique, in which they exploit a flaw in the two-factor authentication system, and the second step is a text message or a phone call. “Scammers also contact people's mobile phone carriers and trick them into activating a SIM card in this fraud." When this occurs, they take control of the phone; a police officer told the publication.
“The crooks may have also been listening to the OTPs on the phone via a parallel call,” another office informed TOI. However, they also look into other possibilities, such as phone hijacking.
According to the TOI report, the masterminds of the con may be based in Jharkhand's Jamtara, and those whose accounts the funds were transferred to may have provided them for a fee or on rent.
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