Thursday, April 18, 2024

Mumbai Businessman Loses Rs. 1.86cr After Getting 6 Missed Calls

Mumbai Businessman falls victim for sim swapping attack, he lost Rs. 1.86cr from his bank account between December 27-28.

SIM swapping or SIM Hijacking is the technique used by criminals to register an already existing number on a new SIM card, so they can intercept the OTPs and can reset the login credentials.

By having control over the phone number attackers can bypass 2FA authentication and reset the passwords to gain access to the victim’s accounts.

It appears the attackers obtained the unique SIM number and have initiated the SIM swap. The SIM replacement appears to be filed on Dec 27 where on the next day around 2 am he had received six missed calls.

An FIR was filed in the BKC Cyber Crime Police Station. “We suspect the scamsters had access to Shah’s unique SIM number and had initiated a SIM swap. To ensure he doesn’t suspect anything, they called him late in the night when his phone was on silent mode,” a police officer told the paper.

By having access to his phone numbers attackers intercept OTP to gain access to the account and allegedly transfer Rs 1.86 crore from his company account to 14 accounts through 28 transactions across the country.

The SIM swapping attacks are in raise and anybody can fall prey to it. Following are the common Bank Fraud Techniques to steal your Information.

Vishing

Vishing also knows as Voice Phishing, a social engineering technique used by attackers over the telephone system to gain financial details, by using this method attackers steal payment card details.

Phishing

Commonly carried out via e-mail spoofing and instant messaging, attackers present a fake page posing to be a trusted source and steal your banking credentials.

Smishing

Smishing also knows as SMS phishing that involves in text messaging, the tactics used by attackers to leverage the payment card details and credentials.

Banking Malware

Banking malware is pushed through Social engineering, Phishing, and spam emails and security vulnerabilities. They are designed to Steal Money, personal and financial information. Some of the well-known banking malware are Zeus, Spyeye, and Zitmo.

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity updates also you can take the Best Cybersecurity courses online to keep your self-updated.

Website

Latest articles

Xiid SealedTunnel: Unfazed by Yet Another Critical Firewall Vulnerability (CVE-2024-3400)

In the wake of the recent disclosure of a critical vulnerability (CVE-2024-3400) affecting a...

Cerber Linux Ransomware Exploits Atlassian Servers to Take Full Control

Security researchers at Cado Security Labs have uncovered a new variant of the Cerber...

FGVulDet – New Vulnerability Detector to Analyze Source Code

Detecting source code vulnerabilities aims to protect software systems from attacks by identifying inherent...

North Korean Hackers Abuse DMARC To Legitimize Their Emails

DMARC is targeted by hackers as this serves to act as a preventative measure...

L00KUPRU Ransomware Attackers discovered in the wild

A new variant of the Xorist ransomware, dubbed L00KUPRU, has been discovered in the...

Oracle Releases Biggest Security Update in 2024 – 372 Vulnerabilities Are Fixed – Update Now!

Oracle has released its April 2024 Critical Patch Update (CPU), addressing 372 security vulnerabilities...

Outlook Login Panel Themed Phishing Attack Evaded All Antivirus Detections

Cybersecurity researchers have uncovered a new phishing attack that has bypassed all antivirus detections.The...
Guru baran
Guru baranhttps://gbhackers.com
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

WAAP/WAF ROI Analysis

Mastering WAAP/WAF ROI Analysis

As the importance of compliance and safeguarding critical websites and APIs grows, Web Application and API Protection (WAAP) solutions play an integral role.
Key takeaways include:

  • Pricing models
  • Cost Estimation
  • ROI Calculation

Related Articles