Suraj Govindaraj
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Bank loses Rs 87 lakh to SIM swap fraud, HC orders BSNL to pay over Rs 55 lakh compensation
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. Justice Suraj Govindaraj, while deciding two writ petitions arising from the same fraud, dismissed BSNL's challenge to the compensation order and enhanced the award in favour of the Sri Basaveshwara Pattana...