SIM swapping frauds are common in India these days, and they mostly occur when a person’s mobile phone number is used to access their bank account information. The fraudsters use this information to access the phone number and make fraudulent transactions. Sometimes, they can get hold of bank account details, OTPs, and other security passwords.   

 Once they have this information, the bank account can be wiped clean within minutes. In such cases, it is important to contact your cellular service provider to block the number and bank to freeze your bank account. You should also reach out to a reliable cyber law consultants to fight this situation and save your heard-earn fortune. In addition, never share your 20-digit SIM number with anyone.  

 One way to protect yourself from various types of frauds is by ensuring that the SIM you are using is in your name. Having the sim card issued in the mobile user’s name eases the blocking process. Staying vigilant about this scam and keeping yourself updated about how the sim card scammer carries out these scams is an effective way to keep yourself safe from such fraudsters.

Access is All That These Scammers & Fraudsters Need to Loot You

With the significant increase in cyber frauds in Gujarat, Rajasthan, Maharashtra, and other states, SIM swapping in India have become a serious threat to mobile users in the country. These scammers use social engineering and other acts like phishing, smishing, etc., to get a person’s personal information and ask them to switch their SIM card with a fake one.  

  Sim swap attacks can damage your reputation and cause serious financial losses to you and your family. The victim has no idea they have been scammed until they no longer have access to their cell phone. Once these scammers access your number, they can easily make the transactions and loot all the hard-earned money from your bank account.  

 To protect yourself from SIM swapping frauds in India, the best way is to be vigilant. Make sure to leave your mobile unattended for extended periods. Activating Do Not Disturb and encrypting your data is a good way to stay safe. Cyberra Legal Services is a leading  cyber law consultants and can help you know and understand various types of online fraud. Stay vigilant with Cyberra Legal Services. 

Social Media & Online Frauds  

Social media platforms are becoming increasingly attractive targets for cybercriminals, as they can be used to reach mass numbers of users. As well as using your contacts list to spread malware, hackers can also use these sites to scam people, gain access to their financial assets, and spread propaganda. Hackers can also hijack your social media sites to spread disinformation.  

Scam is common in India. In Jodhpur, a senior citizen lost over Rs 94,000 to a SIM swap fraud. The fraudster posed as an executive of a telecom company and hacked into the victim’s SIM card gaining information from the victim’s social media accounts. Digital transformation has benefited people, but it has serious loopholes as well. Contact us to learn more about   

Several eSIM swapping scams have hit the Indian market, costing victims large sums of money. To protect users, many State-level cybercrime wings have released an advisory on how to avoid falling victim to these scams. Among the tips are always to be vigilant, keep track of your bank statements and seek guidance from a leading  cyber law consultants. 

Different ways Hackers can gain access to your personal information and banking accounts:

SIM swap fraud in India is an increasing problem affecting thousands of people daily. Following are the most common ways these fraudsters scam people:   

Phishing  

Most victims of SIM swapping fraud do not realize they have been tricked until the new SIM appears. The fraudsters do not even contact the victim over the phone; instead, they ask them to click on a button. These phishing scams are often carried out by purchasing personal information on the dark web. This information can then switch a person’s number to a new one. This fraud usually requires the victim’s bank account and registered mobile number; in most cases, the fraudster obtains the victim’s bank account information through a phishing attack.  

Vishing  

Vishing SIM swap fraud is a growing issue in India. According to the latest Intelligence Report, India is being attacked on average 1783 times per week. In addition, there are 1645 attacks per organization each week in the APAC region. These attacks are aimed at stealing personal information, which cybercriminals later use. The scammers use phishing emails to obtain personal information and bank account details. The scammers then use Trojans and Malware to steal the data. In some cases, scammers can even steal your identity.    

Smishing  

Smishing SIM swapping fraud in the country is a growing problem that puts your data at risk. It is also one of the common ways of cyber frauds in Gujarat. The criminals who perpetrate this crime obtain your registered mobile number and bank account information through fake ID proofs. Then, they visit a mobile operator outlet and deactivate your SIM card. This gives them a new SIM card that they can use for fraudulent transactions. This fraud is popular among institutions that hold large sums of cash in their accounts. The criminals are willing to prey on the money in these accounts. 

Key Takeaways  

One of the most effective ways to prevent scams is to be vigilant. You must first keep changing your bank account passwords regularly, as it will most likely be compromised if you have an unprotected password. If you feel you are the victim of such scam, you should contact your mobile service provider to block the number and your bank to freeze all the activities related to your account. It would be best if you also visited the nearby cyber cell or simply reached out to us to know more about such frauds. We are the leading cyber law consultants in Gujarat, educating and helping people across the country regarding online and sim card frauds.