Lately, on Pune, a man fell prey to most frustrating gimmick scammers use to swap out our bank balance to their account. The SIM swapping method. This is kinda “legal but not” thing.

What is this? How is this done?

SIM swapping is a common thing in the telecom service department. Maybe you’ve done it when you hop to 4G from 3G. Almost every telecom company in India allows you to swap your SIM if you’re SIM is lost or damaged. And scammers, on the other hand, call you and address themselves as a network provider official and threaten you to update your SIM card by providing some details or else your SIM will be deactivated permanently.

They can do anything with the unique 20 digit number on the backside of your SIM card. They will try any possible way to get it from you.

Usually, the scammer will not do this randomly. If this is happening to you, it means he is following you for some time and it is obvious that he already has your banking credentials handy (there are a hell lot of ways to acquire your bank details). All he wants now is that pretty little OTP pin which banks send you while you make a payment. This the reason why these scammers hijack your SIM number.

A man from Pune lost all of his bank balance of ₹94000 just by falling prey to this SIM swap fraud.

How to prevent this?

If someone calls you and address themselves as SIM network company officer, just clearly notice what their motive is. If they ask you to provide any details about yourself, cut the call and make sure to check the name displayed on Truecaller (if you have). If the name mentioned on the Truecaller is weird and no way related to the company name of the SIM you use, it is obvious that he is a scammer. If you still have regards on the thing he said to threaten you, feel free to call the Customer-Care of your respective network providing company and know the truth.

Swapping SIM if lost or damaged should be made only on the local retail store or dedicated office if your network provider. Don’t ever share your OTP, Debit or Credit Card details and Aadhar Number through the phone.

Precautionary measures:

Cut the call if keep you getting it repeatedly.

Block these scam numbers if you got a call from any. Stay safe and care about your bank balance.

These scammers just target digitally illiterates like elderly retired people. Spare some time to teach and educate them on these type of fraudulent activities carried on the phone which they have to call their Son/Daughter and Grandson/Granddaughter which is you.

Stay safe and care about your bank balance.

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