Mumbai: Two men from Noida were arrested on July 12 in SIM swap fraud after Racket’s Kingpin (Nigeria) stole data from the MSJPL Jewelery Private Limited computer system using Malware ‘Trojan Horse’ and used the same to transfer RS 20 lakh to a different account on Kanpur , Kolkata, Lucknow and Noida.
The MIDC police team after eight days camping in Noida managed to peel the Duo – Pradeep Sharma (30) and Tejveer Singh (30), the two dropouts – which are intermediaries between bank account holders and Nigerian fraudsters.
Using malware, fraudsters managed to get the company’s letterhead and use the same thing to submit a new SIM with the same number after sending a disappearable SIM deactivation request.
This case was registered after the Additional Director of the MSJPL Jewelry, Rajesh Vora (55), watched the transfer of fraudulent funds on June 21.
“As soon as the case was registered, the police team contacted the bank and managed to stop Rs 7.85 lakh and reverse the transaction back to the company account.
However, the RS 12.15 Lakh balance is credited to four different accounts in different locations,” said DCP (Zone X) Maheshwar Reddy.
Team – MIDC Senior Inspector Jagdish Shinde, Inspector of Peeping Surve, Sub-Inspector Abhishek Patil, staff of the Ghat Swapnil and detection – through technical assistance tracks both intermediaries who identify people and lure them with commissions to open a bank account name and make them hand over ATMs and banking kits immediately after opening.
Describing the modus operandi, the investigation team said, “This is a SIM swap fraud case where fraudsters get the details of the victim bank account and registered cellphone numbers through social engineering tactics such as sending Trojan viruses via email and getting the secret details of the company’s system.
Chief then make their helpers Visiting retail outlets of cellular operators disguised as victims with fake ID evidence to get original sim blocked SIM.
post verification, the operator deactivates the original SIM (victim) and issued a new SIM (victim) and issued a new SIM card to fake customers (fraudsters).
now, Fraudsters can obtain OTPS with a new SIM to make fraud transactions on the victim’s account using the banking details obtained through phishing / vishing tactics that have occurred in the case of Vora.
The investigation team found that after money was transferred cheating from the MSJPL account, the duo traced the money path and Move it to Ban Yak account for easy withdrawal.
“The team was looking for one of the main charges of Mohammed Ali Mirza.
The role of Kingpin is hacking into a well-known company account targeting using malware and sharing details with intermediaries to complete fraud,” police said.
Duo arrested was in police custody until July 17.
SIM-swap fraud: 2 two men from Noida held
