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Home Blog

No OTP No Bank Details Cyber Criminals Con Trick Retd Doctor, Steal Rs. 9.77 Lakh

coveryouadmin by coveryouadmin
April 1, 2025
in Blog
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No OTP No Bank Details Cyber Criminals Con Trick Retd Doctor, Steal Rs. 9.77 Lakh

In yet another incident, a retired doctor settled in Mumbai, who used to be a highly respected doctor in the United States, had to face a situation where cyber criminals drained Rs 9.77 lakh through his Non-Resident External (NRE) account. The shocking part? He never revealed an OTP, a password or even bank details but the money disappeared in several unauthorized transactions.

From Healing to Helpless Doctor’s Nightmare Unraveled

The doctor, aged 65 and now living in Andheri’s Lokhandwala Complex, was in the US when the alerts about the transactions began arriving on January 18. At first, he thought they were errors by the system or spam, and only later discovered that a staggering Rs. 5.36 lakh had already gone out. It was too late when he took action, almost Rs. 9.77 lakh had already vanished.

The Bitter Truth of Cybercrime Banking Betrayal

When he reached out to his bank, officials acknowledged the fraudulent transactions but could provide nothing more than the technical rationale. The doctor, resolute to trace the people behind the fraud, returned to Mumbai and filed a complaint at the Cyber Cell’s office (at BKC), which resulted in the registration of a formal case at Oshiwara Police Station under several sections of IPC and the IT Act.

Surge in Cybercrime Doctors Are Prime Targets

Cyber-crime against medical professionals, especially NRIs and high-net-worth doctors, has grown sharply. Busy with work and life, they tend to underestimate the changing methods of Internet bandits who take advantage of weaknesses in the banking system.

Not for money reputation, peace of mind and trust on the block

For doctors, financial fraud is more than money lost, it stirs up their lives, rattles their confidence in the safety of banking and leads to legal wranglings that aren’t fun. Unlike traditional financial fraud, cyber fraud is sophisticated and victims end up in lengthy investigations with little chance of ever receiving a refund.

Digital Threats Require Legal protection Why Indemnity Insurance Is Now a Must

Now the era is gone when automated emails and traditional bank security were preventing cyber frauds even among huge medical professionals. As such, Cyber Indemnity Insurance has surfaced as an essential safety net providing financial coverage against fraudulent transactions, data breaches, and internet fraud.

Our 360° Protection of Doctors from Cyber Risks and more

With our customized indemnity insurance, doctors get protection against cyber fraud, workplace disputes, vendor conflicts, defamation and even lawsuits stemming from unanticipated digital threats. In a landscape where cyber threats are progressing quicker than the law, obtaining strong defense is not an option, it’s a requirement.

How We Heal Doctors Future?

Although doctors spend their lives saving others, they also need to protect their financial and professional well-being. With cybercriminals evolving more than ever, the question is no longer,If? But? When? a doctor is likely to suffer a digital attack. These risks can’t be ignored; and protecting  against them isn’t just nice to have; it’s a must.

Source:
https://medicaldialogues.in/news/health/doctors/65-year-old-nri-doctor-scammed-of-rs-977-lakh-in-cyber-fraud-144314
Tags: Cyber Criminals
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Professional Indemnity- Our expertise lies in safeguarding the interest & reputation of our esteemed Medical Fraternity with our revolutionary product- Doctors Professional Indemnity Insurance. Given the complex & high-stakes nature of healthcare operations, doctors are certainly exposed to medical negligence risks at all times. It is very important to protect your high-responsibility profession with a Professional Indemnity Cover that will act as a safety net against any malpractice claim. Our Professional Indemnity is best suited for all your medical practice requirements. CoverYou’s Customised Professional Indemnity Insurance will not only safeguard your finances but also your hard earned reputation. We provide customised benefits exclusively tailored to meet the needs of Doctors & Hospitals. Our Professional Indemnity is guaranteed to provide comprehensive medical negligence coverage with an expert lawyer panel & renowned senior doctors present all across India. We are known to offer handheld support to our customers throughout their journey with us especially during claims!

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