What is Phishing Crime, which the CBI recently busted? Learn how it works.

Phishing Crime: The CBI recently apprehended several individuals in connection with a phishing crime. Learn how this phishing crime works and how dangerous it can be for ordinary people.

Phishing Crime: In today's world, cybercrime is rapidly evolving, and ordinary people often fall victim to it. Recently, the CBI busted a large phishing crime network that provided phishing message services to cybercriminals. This gang was defrauding people by luring them with fake loans, investments, and promises of profits.

The investigating agency arrested three operatives in this case. During raids conducted in Delhi, Noida, and Chandigarh, an active system was discovered that was being used to send phishing messages on a large scale. A ​​large amount of cash, cryptocurrency, and several pieces of digital evidence were also recovered. Following this operation, many questions are arising in people's minds about phishing crime. What exactly is phishing crime? Let's explain.

What is Phishing Crime?

Phishing crime is a type of cyber fraud in which criminals send messages or emails to people, posing as banks, companies, or government agencies. These messages offer fake loans, prizes, investments, or account updates. As soon as a person clicks on the given link or shares their personal information, the criminals steal their data.

After this, it becomes easy for them to empty bank accounts, take out fake loans, or commit other digital fraud. The CBI investigation revealed that thousands of SIM cards were being used in this network to send fraudulent messages to a large number of people simultaneously. The entire system was controlled using technology, which helped conceal the identities of the criminals.

What did the CBI investigation reveal?

In its initial investigation, the CBI identified approximately 21,000 SIM cards that were obtained fraudulently in violation of regulations. The investigation also revealed that some channel partners of telecom companies and their employees illegally facilitated the procurement of these SIM cards. These SIM cards were controlled through an online platform, which was used to send out phishing messages on a massive scale.

According to the CBI, a private firm, Bhagwan Mahavir Services India Private Limited, was operating this entire system. Cybercriminals were using this platform to send fraudulent messages to people across the country. This case demonstrates that phishing crimes are now operating as organized networks, making vigilance more crucial than ever.