The Economic Times

Phone stolen in metro crowd, Rs 57,000 lost within an hour; SIM card used to take money from bank accounts without unlocking the device

A phone worth Rs 60,000 was reportedly stolen in a metro crowd, followed by a loss of Rs 57,000 from a bank account within 45 minutes. A post on X describes how a stolen SIM could be misused for banking-related fraud. Here is how SIM PIN protection works and what users should do after losing a phone.