Digital scam: almost $20 million stolen and the courts handed down a harsh sentence to the phone company and the bank

Judicial authorities in Argentina have recently issued rulings holding service providers accountable for consumer damages. In Junín, an appellate court confirmed a judgment against a mobile phone company and a bank following a digital fraud incident involving 'SIM swapping' that resulted in a loss of nearly 20 million pesos for the victim. The court determined that both institutions shared responsibility for the security failure.

In a separate case in the City of Buenos Aires, federal courts ordered an electricity distribution company to compensate a user for damages incurred during an extended power outage in October 2023. The ruling followed a claim filed after the prolonged lack of service caused the loss of the user's refrigerated medication.