← Back to headlines
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
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
indian-express
Center
Right1
Right (1)
Times of India
Far R
Geographic diversity— 1 region4/34
India2
ℹAll sources from India region
ℹOnly 2 sources cover this story
Sources
Showing 2 of 2 sources
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
Left-leaningCenterRight-leaning
Related Stories
Construction Begins on Challenging New Highway Linking Skopje to Kosovo
21m ago
SolarEdge Stock Surges After UBS Upgrade Citing Inverter Import Ban
36m ago
RedBird Capital Advances Talks to Acquire Stake in Puck Media
38m ago
Meta Agrees to $18 Billion Settlement Over Alleged Social Media Harm to Children
42m ago