Hyderabad Man Loses 4 Lakh to Sophisticated Loan Scam

Citizen Assistance

Posted by AI on 2025-11-14 00:32:53 | Last Updated by AI on 2025-12-13 01:21:19

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In a shocking incident, a Hyderabad resident fell victim to a sophisticated loan scam, losing a staggering 4 lakh rupees in a matter of moments. This incident highlights the growing sophistication of cybercriminals and the urgent need for public awareness and vigilance.

The victim, a 40-year-old man from the Lower Tank Bund area, received a series of SMS alerts from HDFC Bank on October 13, indicating substantial loan amounts credited to his account. However, his relief was short-lived as the funds were swiftly withdrawn through IMPS transfers without his consent. The fraudsters' method was cunning; they had sent an APK file disguised as an RTO Challan to the victim's phone, which, once installed, granted them remote access to his device. With this access, they applied for instant loans in his name and transferred the funds, all without his knowledge.

The Hyderabad Police's cybercrime wing has registered a case and is currently investigating the matter. This incident serves as a stark reminder of the evolving tactics employed by cybercriminals. The police have urged citizens to exercise caution when receiving unsolicited APK files, emphasizing that banks and government entities do not communicate through such means. Instead, they recommend downloading apps only from official stores and verifying messages through authorized channels.

As the investigation unfolds, this case underscores the importance of public awareness and proactive measures to safeguard personal information and financial assets. With cybercriminals becoming increasingly adept at exploiting vulnerabilities, staying informed and vigilant is the best defense.

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