New Delhi: In a major breakthrough, Delhi Police have dismantled two gangs involved in siphoning money through stolen cellphones. The criminals used advanced hacking techniques to access digital wallets and banking apps, leading to significant financial losses for victims.
Two Gangs Siphoning Money Arrested for Mobile-Based Financial Fraud
The gangs, operating across multiple locations in Delhi, specialized in stealing smartphones and extracting sensitive financial data. Investigations revealed that the accused used sophisticated software to bypass security measures, enabling unauthorized access to banking apps and UPI accounts.
According to a senior police official, “The two gangs siphoning money through stolen cellphones targeted crowded areas, snatching phones and misusing financial credentials.” The gangs reportedly transferred money to fake accounts before laundering it through various channels.
Modus Operandi: Exploiting Digital Payment Vulnerabilities
The arrested criminals followed a systematic approach to commit financial fraud. After stealing a phone, they swiftly switched off network services to prevent the owner from blocking banking apps. Using cloned SIM cards and phishing techniques, they reset passwords and gained access to digital payment platforms.
A cybercrime expert assisting the investigation explained, “Many users store banking credentials on their phones. The gangs siphoning money through stolen cellphones exploited this habit, using technical skills to transfer funds undetected.”
Crackdown and Recovery of Stolen Phones
Acting on intelligence inputs, Delhi Police launched multiple raids, leading to the arrest of 12 members from both gangs. During the operation, authorities recovered over 150 stolen mobile phones, dozens of cloned SIM cards, and sophisticated hacking tools.
“The bust of these two gangs siphoning money through stolen cellphones is a major success,” a police spokesperson said. “Our teams are now tracing other associates involved in the racket.”
Additionally, forensic experts are analyzing seized devices to identify more victims and recover stolen funds. Police have urged affected individuals to report unauthorized transactions immediately.
Security Advisory for Smartphone Users
Following these arrests, cybersecurity experts have advised smartphone users to strengthen security measures on their devices. Authorities have emphasized the importance of enabling multi-factor authentication, setting strong passwords, and avoiding the storage of sensitive information on mobile phones.
To prevent further cases of financial fraud, police have launched an awareness campaign, urging people to report stolen phones immediately and block banking access. “Public awareness is crucial in curbing cyber theft,” an officer stated.
Further Investigations of Two Gangs Siphoning Money Case
Delhi Police are expanding their probe to track down other criminal networks using similar tactics. Investigators suspect that stolen phones were also being sold in illegal markets or used for further cybercrimes.
Law enforcement agencies are collaborating with telecom operators and banking institutions to strengthen security protocols. “The arrest of these two gangs siphoning money through stolen cellphones is just the beginning,” a senior investigator said. “We are working to dismantle larger networks involved in mobile-based financial fraud.”
Conclusion
The crackdown on these two gangs siphoning money through stolen cellphones highlights the growing threat of cyber-enabled financial crimes. As investigations continue, authorities urge smartphone users to remain vigilant, report suspicious activities, and adopt better digital security practices to safeguard their financial assets.
