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BSNL ordered to pay over Rs 55 lakh compensation to co-operative bank after duplicate SIM used to access OTPs in Rs 87 lakh fraud
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 that the unauthorised issuance of a duplicate SIM card enabled fraudsters to receive OTPs and carry out fraudulent transactions, making BSNL liable for the resulting losses.
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thehindu.com
Telecom service providers bear civil liability for financial loss in SIM swap frauds caused by their negligence: Karnataka High Court
Karnataka High Court rules telecom providers liable for SIM swap fraud losses, ordering BSNL to compensate ₹55 lakh to a cooperative bank.
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economictimes.indiatimes.com
BSNL ordered to pay over Rs 55 lakh compensation to co-operative bank after duplicate SIM used to access OTPs in Rs 87 lakh fraud
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…
