unauthorized transactions
Gujarat Court Penalizes ICICI Bank and Vodafone in Major SIM Swap Fraud Case: Rs 15 Lakh Fine Imposed
Dec 11, 2025 01:24 am CST
In a landmark ruling under India's IT Act, Gujarat's Adjudicating Officer has ordered ICICI Bank to pay Rs 10 lakh and Vodafone Rs 5 lakh in penalties after an Ahmedabad company lost Rs 1.19 crore through unauthorized transactions enabled by a SIM swap scam. The case highlights critical security vulnerabilities in banking and telecom sectors, with the court mandating ICICI Bank to refund Rs 1.05 crore to the victim company within six weeks.
Hyderabad Cyber Crime: Senior Citizen Loses Rs 1.95 Lakh in Sophisticated Auto Driver Phone Theft Scam
Oct 03, 2025 05:08 pm CST
Three individuals arrested in Hyderabad for orchestrating a sophisticated mobile phone theft that led to unauthorized transactions of Rs 1.95 lakh from a 68-year-old's bank account. The scammers used PhonePe and gaming platforms to launder the stolen funds. Authorities advise extreme caution when using shared transportation and digital payment services.
Case Filed Against Ex-CFO Of Online Gaming Company For Diverting Funds
Sep 17, 2025 12:29 am CST
A case has been registered against the former Group Chief Financial Officer of an online gaming company for allegedly diverting company funds to invest in future and options trading, leading to an estimated loss of Rs 250 crore, police said