Bank loses Rs 87 lakh to SIM swap fraud, Karnataka high court orders BSNL to pay over Rs 55 lakh compensation
- Posted on June 5, 2026
- By The Times of India
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- 1 min read
Bank loses Rs 87 lakh to SIM swap fraud, Karnataka high court orders BSNL to pay over Rs 55 lakh compensation
NEW DELHI: The Karnataka high court has ruled that BSNL is liable for losses caused by SIM swap fraud after one of its officials issued a duplicate SIM card without authorisation, enabling cybercriminals to drain over Rs 87 lakh from a cooperative bank's account through fraudulent online transfers.
