Hacker transfer 16.5 Crore from India’s Nainital bank’s Noida branch

A massive cyber heist has hit at India’s Nainital Bank’s Noida branch, where over ₹16 crore was stolen after hackers accessed the servers and transferred the money to 89 different accounts.

Cybercriminals hacked the bank’s RTGS channel by stealing the manager’s login details and stole ₹16.5 crore from June 16 to June 20.

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The bank’s IT manager, Sumit Kumar Srivastava, filed a complaint at the cyber crime police station after noticing a heist while tallying the June balance sheet.

During a routine audit on June 17, it was discovered that ₹ 3,60,94,020 was missing from the balance sheet of the RTGS. The fraud came to light when the balance sheet couldn’t be reconciled for several days.

“A case has been registered by the IT manager of the Nainital Bank. He said that about ₹ 16.5 crore was withdrawn by hacking the manager’s credentials and the bank’s server. This happened between June 16 and June 20. The money was transferred to 89 accounts. A team has been formed to probe the matter,” ACP Cyber Crime Vivek Ranjan Rai told NDTV.