SIM Swap Scam Exposed: How ‘No Service’ on Your Phone Can Cost You Crores
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SIM Swap Scam Exposed: How ‘No Service’ on Your Phone Can Cost You Crores
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In this episode, we break down one of India’s most dangerous and fast-growing cyber frauds — the SIM Swap Scam, where criminals take control of your mobile number and empty your bank accounts within hours.
We analyse a real case involving a Mumbai-based steel trading business, where fraudsters secretly converted the victims’ physical SIM into an e-SIM using fake documents. The moment their phones showed “No Service”, scammers intercepted banking OTPs, bypassed two-factor authentication, and transferred ₹7.5 crore into mule accounts.
🎧 In this episode, you’ll learn:
What exactly is SIM Swap Fraud
How scammers misuse e-SIM conversion
Why sudden “No Service” is a serious red flag
How OTP interception leads to massive fund transfers
Real examples from Mumbai, Noida, Kolkata & Bhavnagar
Immediate steps to take if your network suddenly drops
How to report SIM swap fraud via 1930 & Cybercrime Portal
This episode is essential for business owners, salaried professionals, senior citizens, bankers, and families, because losing your SIM can mean losing control of your money.
🚨 Remember: If your phone suddenly loses network, act immediately — minutes matter.
