They cloned her phone's SIM card, took out a loan in her name and a court ordered Banco Hipotecario to pay $20 million

FinanceInternationalTNOct 27, 2026, 12:24 PM35 s readAI summary

A woman in Puerto Madryn was the victim of SIM swapping: criminals cloned her phone's SIM card, accessed her online banking, requested a $547,944 loan in her name and transferred the funds. The Appeals Court of Puerto Madryn upheld a $20 million ruling against Banco Hipotecario for failing its security obligations, particularly BCRA Communication A 7319 on identity verification for pre-approved loans.

In 35 seconds

The fraud was carried out through SIM swapping: the criminals cloned the victim's line and accessed her online banking.
They requested a pre-approved loan of $547,944 without her consent and transferred the funds.
The Appeals Court of Puerto Madryn upheld the ruling: $15 million in punitive damages and $5 million for moral damages.

Read the full story at TN

IASummary generated by artificial intelligence from a story by TN. It may contain errors: the original source prevails.

SIM swapping
fraude bancario
ciberseguridad
Argentina
BCRA

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They cloned her phone's SIM card, took out a loan in her name and a court ordered Banco Hipotecario to pay $20 million

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day