Wed Dec 10 17:24:16 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided information:

News Article:

Ahmedabad Firm Falls Victim to Rs 1.19 Crore SIM Cloning Cyber Fraud

Ahmedabad, Gujarat – An Ahmedabad-based company has suffered a significant financial blow after falling prey to a sophisticated cyber fraud involving a cloned SIM card. The company lost over Rs 1.19 crore through unauthorized bank transactions facilitated by the illicit SIM swap, according to a recent judgment by Gujarat’s Adjudicating Officer.

The case highlights the growing threat of SIM swapping fraud, where criminals duplicate a victim’s mobile phone SIM card to intercept sensitive information, including one-time passwords (OTPs) and banking credentials. This allows them to gain access to bank accounts and conduct fraudulent transactions.

While details of the specific company involved haven’t been released, the substantial amount of money lost underscores the vulnerability of businesses to such cyberattacks. The ruling by the Adjudicating Officer is expected to shed light on the investigation and may serve as a precedent for future cases involving SIM cloning fraud in the state. Authorities are urging businesses and individuals to be vigilant and implement robust security measures to protect themselves from these types of cybercrimes. This includes regularly reviewing bank statements, being cautious about sharing personal information online, and reporting any suspicious activity to their mobile carrier and law enforcement immediately.

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