Cyberabad police bust interstate online banking fraud racket

Cyberabad Cyber Crime Police arrested six members of an interstate fraud racket involved in vishing, SIM manipulation and OTP diversion. The accused allegedly posed as bank officials, diverted banking alerts and gained unauthorised access to victims’ bank accounts to carry out fraudulent transactions

Hyderabad: The Cyber Crime Police of the Cyberabad Commissionerate busted an organised interstate fraud racket and apprehended six persons involved in vishing, SIM manipulation, OTP diversion and fraudulent online banking transactions.

According to police, the suspects impersonated officials of the Citibank Prestige Credit Card Division and induced victims to convert e-SIMs into physical SIM cards under the pretext of Department of Telecommunications verification.

---

“Pre-loaded mobile devices containing malicious applications were dispatched to victims through courier services. Upon insertion of the SIM cards, OTPs and banking alerts were diverted to the accused, enabling unauthorised access to bank accounts and execution of fraudulent online transactions,” police said.

Several persons were duped by the gang over the last few months.