[India] - BCA degree holder arrested for Rs 80 lakh sim-swap fraud

INSUBCONTINENT EXCLUSIVE:
AHMEDABAD: A team of the cybercrime branch of city police on Wednesday arrested a 24-year-old man from Pune for the alleged theft of Rs 80
Gautam Mukherjee, who is from Ranchi in Jharkhand, works for a software analytics firm in Pune
According to investigators, Mukherjee, a BCA degree holder, had been working with a gang that was using the sim swap modus operandi fraud
for about two years.He is currently employed by the Pune firm as a floor executive and three of his accomplices are on the police radar
Cybercrime police said Mukherjee and his accomplices in May deactivated the simcard of a businessman, got a new one issued and withdrew Rs
79.70 lakh
Mukherjee transferred Rs 38 lakh to his own bank account which he later converted into US dollars
He transferred Rs 42 lakh to another account in a private bank
Cybercrime police had frozen Rs 50 lakh, which was returned to the complainant, said police officers
Investigators said Mukherjee and his associates were in cahoots with a gang of cybercriminals based in Nigeria
Mukherjee and his aides, who were dealing with employees of telecom service providers, then got his number and swapped the sim
They use this information to trick telecom companies into issuing duplicate sim cards
victim's bank accounts and get one-time passwords (OTP) to carry out transactions
We also published the following articles recentlyData analyst held for Rs 80 lakh SIM-swap fraudA 24-year-old man from Pune has been
arrested for allegedly stealing Rs 80 lakh from a businessman's account through a SIMswap fraud
The accused, Gautam Mukherjee, who works for a software analytics firm, had been involved in this fraudulent activity for about two years
Three of his accomplices are also under investigation
Mukherjee has been charged with breach of trust, cheating, criminal conspiracy, and violations of the IT Act.E-Sim to make tracking of lost
smartphone easier: Airtel CEO Gopal VittalBharti Airtel CEO, Gopal Vittal, is urging subscribers to transition from regular SIM cards to
e-SIMs, stating that it will enhance convenience and make it easier to track lost smartphones
With an e-SIM, subscribers no longer need physical access to a SIM card and can use multiple mobile numbers on a single e-SIM
Additionally, e-SIMs are harder for criminals to remove from stolen devices
Airtel customers can install the e-SIM service on their smartphones via the Airtel Thanks App.How Gang Used Malicious Ad Links To Empty Out
AccountsA gang in India has been using malicious ads on the internet to trick people into visiting fake e-commerce websites
Female telecallers then posed as customer care representatives and convinced victims to follow steps that led to them losing money from
their accounts
The gang was recently exposed when a man clicked on one of their ads on Facebook and had Rs 1 lakh deducted from his account
The police have arrested several members of the gang and discovered that they had targeted more than 15 victims, with transactions worth
over Rs 25-30 lakh.