Phone hacked? Gujarat developer receives back-to-back transaction SMS, loses Rs 37 lakh in 30 minutes

Phone hacked?  Gujarat developer receives back-to-back transaction SMS, loses Rs 37 lakh in 30 minutes

Cybercriminals often trick people into getting OTPs or send phishing links to steal money from bank accounts. Recently, a man from Gujarat lost money after cybercriminals stole sensitive information.

Divya Bhati

New Delhi,UPDATED: January 6, 2023 12:18 PM IST

By Divya Bhati: Cases of cyber fraud have increased significantly in recent years. With the development of technology and everything becoming digital, the internet has become a hotspot for thieves to steal money directly from bank accounts. They trick people and get their OTP or send phishing links to access their smartphones to steal sensitive data. However, in a recent case, a man from Gujarat alleged that he lost money to cyber fraudsters without even sharing any OTP or clicking on a suspicious link.

A case of online fraud reported from Mehsana, Gujarat has baffled everyone. Dushyant Patel, who works as a developer, has filed an FIR saying that cybercriminals stole Rs 37 lakh from his bank accounts within 30 minutes, even though he did not share the OTP or any other sensitive information with anyone. According to the Times of India report, Patel received back-to-back money transaction messages on December 31 while working in his office. At 3.30 pm, he received a notification from his bank that Rs 10 lakh had been withdrawn from his account. After a while, around 3.20 pm, he got another message that another Rs 10 lakh had been withdrawn.

After receiving back-to-back unauthorized transaction alerts, Patel rushed to the bank and informed officials about the withdrawals and asked to close his account immediately to stop further withdrawals. However, Patel received another message at 3:49 a.m. for a transaction of Rs 17 lakh while he was in the bank to file the complaint. Patel reportedly lost Rs 37 lakh in total to cybercriminals. He was also informed that he was unable to access his account through online banking and that his username and password entries were shown to be invalid.

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The bank officials further froze his account and informed Patel that he had been defrauded. The case was filed and the cybercrime brand is investigating the case further. While Patel claims that he did not share any OTP or other information with anyone, the police suggest that cybercriminals may have hacked his smartphones and stolen his bank account details.

While cybercrime investigators are still investigating the case and figuring out how cyber fraud gained access to Patel’s banking information, here are some possible reasons why criminals got hold of Patel’s sensitive data if his phone was hacked.

How hackers can hack your smartphone

Phishing: Hackers send malicious links to victims’ phones. As soon as the victim opens the link, the malware associated with the link infects the phone and hackers gain access to the device.

Harmful apps: If someone downloads an app from untrusted or unknown sources other than Google Play or Apps Store or official app stores, there is a possibility that other apps are bundled with it or malware is bundled with the downloaded app.

Juicejacking: In this method, cybercriminals install Malwarebytes in phones via USB cable connection. So it is always advisable not to use public charging ports or connect your phone to an unreliable UCB source.

Links to social media: “Click to know the age of the photo”, “here’s a special discount” or similar links often have malware attached. So every time people click on these hackers get access to mobile phone.

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