Delhi Police Crack Cybercrime Syndicate Preying on SBI Cardholders
In a six-month operation, Delhi Police's Special Cell dismantled a cybercrime syndicate targeting SBI credit cardholders. The network, involving insiders and advanced fraud techniques, siphoned Rs 2.6 crore using social engineering and cryptocurrency laundering. Eighteen members linked to the scheme have been arrested, revealing a complex web of call center collusion and data breaches.
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In an extensive six-month operation, the Special Cell's Intelligence Fusion and Strategic Operations (IFSO) unit of Delhi Police successfully dismantled a sophisticated cybercrime syndicate. This network, operating from the Kakrola and Uttam Nagar areas of Delhi, was systematically siphoning funds from State Bank of India (SBI) credit cardholders across the nation.
The cleverly orchestrated cyber-crime chain involved a multitude of actors, including SIM card suppliers, data insiders, travel agents, and ringleaders. These criminals, posing as SBI customer care executives, employed social engineering tactics to deceive unsuspecting victims into divulging sensitive banking details like One-Time Passwords (OTPs) and Card Verification Values (CVVs).
In total, the syndicate illicitly amassed approximately Rs 2.6 crore through fraudulent activities. This included the immediate use of stolen credentials to purchase high-value e-gift cards, which were then converted via travel agents into cash or the cryptocurrency Tether (USDT), effectively obscuring the money trail. Eighteen individuals, including masterminds and field operatives, were arrested during the crackdown, which exposed the scale and complexity of this criminal operation.
(With inputs from agencies.)
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