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Karnataka High Court Orders BSNL to Compensate Bank for SIM Swap Fraud
The Karnataka High Court ordered BSNL to pay over Rs 55 lakh in compensation to a bank that lost Rs 87 lakh due to SIM swap fraud. The court emphasized the importance of the integrity of OTP-based authentication in India's digital economy.
5 Jun, 11:37 — 5 Jun, 12:42
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Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Times of India
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Geographic diversity— 1 region4/34
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Times of IndiaMostly Factual82d ago
Bank loses Rs 87 lakh to SIM swap fraud, HC orders BSNL to pay over Rs 55 lakh compensation
Karnataka High Court holds BSNL responsible for an Rs 87 lakh bank fraud, stating the telecom giant's negligence in issuing a duplicate SIM enabled cybercriminals. The court dismissed BSNL's challenge, enhancing compensation to over Rs 50 lakh plus interest, emphasizing a heightened duty of care for financial institutions.
By TOI LEGAL DESK
Read full article →indian-expressMostly Factual82d ago
‘India’s digital economy depends on integrity of OTP-based authentication architecture’: Karnataka High Court observes in BSNL SIM-swap case
By Mustafa Plumber
Read full article →Coverage Timeline
First report: indian-express · 5 Jun, 11:37|Full coverage: 2 · 1h|Window: 1h
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