Two MNAs Reportedly Lose Rs. 35 Lac in Duplicate SIM Fraud
A separate inquiry is looking at suspected misuse of customer data by a bank employee.
Two MNAs have reportedly lost a combined Rs. 35 lac in bank fraud involving illegally issued duplicate SIM cards. Fraudsters allegedly used the SIMs to access online banking.
In this article we set out what is reported, what is alleged, and the separate bank inquiry. Here is everything you need to know.
How the duplicate SIM cards were allegedly used
The SIMs are described as illegally issued duplicates. Fraudsters allegedly used them to get into online banking. The loss, a combined Rs. 35 lac, is reported rather than confirmed here, and the two MNAs are not named. A separate investigation uncovered suspected misuse of customer data by a bank employee. The cases have raised serious concerns about biometric verification and the security of personal banking information.
Why it matters
A duplicate SIM can stand in for the phone number a bank uses to confirm a customer. The report ties that method to the alleged access. The bank-employee strand is a second, suspected misuse of customer data, not the same finding as the SIM fraud.
- Two MNAs are said to have lost a combined Rs. 35 lac
- The figure is reported
- The SIMs were illegally issued duplicates
- The banking access is alleged
- A bank employee is suspected, in a separate investigation, of misusing customer data
- Biometric verification and banking-data security are the concerns named
What these cases leave open
- The names of the two MNAs.
- Which bank is involved.
- Whether anyone has been charged.
- How the duplicate SIMs were issued.
What happens next
Both the alleged SIM fraud and the suspected data misuse are still at investigation stage in this account. We will update this article if a name, a bank, or a charge is confirmed.
Our verdict
Two MNAs have reportedly lost a combined Rs. 35 lac after fraudsters allegedly used illegally issued duplicate SIM cards for online banking. A separate inquiry is looking at suspected misuse of customer data by a bank employee.
Follow for more updates.
Frequently asked questions
How much was lost?
A combined Rs. 35 lac, reportedly.
How was the fraud allegedly done?
Through illegally issued duplicate SIM cards used to access online banking.
Who are the MNAs?
They are not named.
What is the separate investigation?
Suspected misuse of customer data by a bank employee.
Written by
Enable PakistanGet stories like this in your inbox
The day's top stories, every morning. Free, unsubscribe any time.
