UP Cyber Police arrests cybercriminal for hacking data of TVS Credit, Mahindra, & Bajaj Finance
The Cyber Crime police of UP has arrested a cybercriminal exploiting leaked data of loan holders. Using technical surveillance, Bikki Mandal from Deoghar district, Jharkhand, was tracked and picked up by UP Cyber police.
According to the police investigation, policy-related data of thousands of loan holders from various firms is being sold on the black market and is currently being used by fraudsters to manipulate and cheat loan holders.
Police said many loan holders of TVS Credit Services Limited were cheated monetarily by asking them to deposit the loan installments. Police have found data of TVS credit services, Bajaj Finance, and Mahindra Finance from the cyber-criminal. Police also found huge loan and insurance holders databank from him.
The team of UP Cyber police is going to conduct a forensic audit of the data recovered from the gang. A senior officer said that the audit would highlight where the data breach happened. The companies’ data has been collected through hacking or involvement of employees or via data dumps on the internet.
Prof Triveni Singh, Cyber Crime, SP, Uttar Pradesh emphasised that all loan and insurance companies, regardless of size, complexity, or lines of business, collect, store, and share substantial amounts of personal and confidential information of their customer. While information sharing is necessary for company operations, it is also required to ensure that sufficient protocols and procedures are in place to ensure no leakage of information and that information is given only on a need-to-know basis.
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