SIM Swaps: Telcos now 'On the Hook' for Your Lost Cash.

Telecom firms now face civil liability for financial losses in SIM swap frauds due to their negligence. The Karnataka High Court said TSPs are "custodians" like "vault keepers." A bank lost ₹50.5 lakh after a duplicate SIM was issued without consent. The court enhanced compensation to ₹55 lakh, noting TSPs have a duty of care.