When he contacted his bank, they said that his phone number had been changed at the bank and the phone alerts when money was being withdrawn was going to the new number. In another incident, a textile merchant in Mumbai lost over a crore of rupees from his bank. Needless to say, this kind of fraud is only possible due to the callousness of the people working in the service providers’ company or even the bank. This could have been a prelude to a scam or simply carelessness on the part of the service provider’s workers. Finally, they will target the victim’s bank accounts.

Source: The Telegraph January 20, 2019 18:45 UTC