Cyber crimes and fraud are increasing daily, with a recent incident involving a theft of over Rs 16 crore from Nainital Bank's Sector 62 Noida branch.
Fraudsters hacked into the bank's server and stole the money, which was discovered during a routine balance sheet check by the IT Manager, Sumit Kumar Srivastava.
The discrepancy was reported to the Noida Cyber Crime Police Station, highlighting the ongoing threat of cyber fraud in the banking sector.
On June 17th, a discrepancy of ₹36,09,04,020 was identified in Nainital Bank's balance sheet. Initially thought to be a system error, further investigation revealed that ₹16.1 crore had been fraudulently debited through 84 RTGS transactions between June 17th and June 21st.
Upon confirming the fraud, the bank alerted the Computer Emergency Response Team (CERT-IN). The bank immediately froze the affected accounts and initiated KYC processes for account holders. So far, ₹69,49,960 has been recovered, but ₹16,01,83,261 remains missing.
A case has been registered against unknown fraudsters, and the Noida Cyber Crime Wing is tracing IP addresses to catch the culprits.
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