.........They intercept one time password by obtaining duplicate SIM cards,” says Rakshit Tandon, advisor cyber security. “This is called ‘Identity theft’. The modus operandi is that hackers generate a duplicate SIM. After the SIM gets activated, hackers have access to the account of the victim on the internet. They can easily use the user-id and password and transfer the money. The bank automatically generates a onetime-password (OTP) which is received through SMS on the duplicate SIM as well,” says Rakshit. The fact that the process of acquiring a duplicate SIM is so easy, highlights the laxity on part of the mobile operators, a fact pointed out by CGM, RBI and the banking ombudsman, M Sebastian: “Because of the certain vulnerability on the part of mobile operator, the fraudsters were impersonating and obtaining duplicate SIM cards. About 40-50 complaints were received during 2011-12.” He had then urged the banks to take up the issue with the mobile operators but it would appear little has happened in the matter............
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