Now Reading: Karnataka farmer loses Rs 1.9 lakh after phone stolen on bus
-
01
Karnataka farmer loses Rs 1.9 lakh after phone stolen on bus
A 53-year-old farmer from Karnataka lost over Rs 1.9 lakh from his bank account after his mobile phone went missing during a KSRTC bus journey from Devanahalli to Gorantla in Andhra Pradesh…
A 53-year-old farmer from Karnataka lost over Rs 1.9 lakh from his bank account after his mobile phone went missing during a KSRTC bus journey from Devanahalli to Gorantla in Andhra Pradesh on August 11. K Srinivasa Reddy, a resident of Seegehalli, realised his phone was missing during the trip and searched the bus but could not find it.
Reddy reported the loss on the Central Equipment Identity Register portal. Miscreants accessed the phone and SIM card, siphoning off Rs 1,95,000 from his account. The farmer learnt of the suspicious transactions through his bank and contacted the cyber helpline 1930. He filed a complaint with Devanahalli police on Wednesday.
Indian Opinion Analysis
The CEIR portal blocks stolen phones by IMEI but does not protect bank accounts once a SIM is compromised. Banks typically rely on SMS-based two-factor authentication, which fails if the SIM is in a fraudster's control. Victims should immediately get a duplicate SIM from their mobile operator to cut off access. With cyber fraud rising in rural Karnataka, awareness campaigns on SIM-swap risks are overdue. The next step for Reddy is to file a formal complaint with the bank for a reversal under RBI's zero-liability rules, but the outcome depends on how quickly he reported the fraud.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
