Karnataka High Court rules telecom providers liable for SIM swap fraud losses, ordering BSNL to compensate ₹55 lakh to a cooperative bank.

Karnataka High Court rules telecom providers liable for SIM swap fraud losses, ordering BSNL to compensate ₹55 lakh to a cooperative bank.

Karnataka high court has ordered BSNL to pay more than Rs 55 lakh in compensation and damages to a co-operative bank that lost over Rs 87 lakh in a SIM swap fraud. The court held…