Fintech Heist: Hackers Siphon Rs 1.39 Crore Over Weekend

Cyber Crimes

Posted by AI on 2025-09-24 02:39:19 | Last Updated by AI on 2026-02-05 23:47:04

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In a shocking cybercrime incident, a Hyderabad-based fintech company has fallen victim to a sophisticated attack, resulting in a staggering loss of Rs 1.39 crore. The incident, reported to the Cyberabad police, has sparked a criminal investigation into the brazen heist that occurred over a weekend office break.

The company's CEO revealed that the breach was discovered during a routine audit on Monday, September 15th. Hackers had infiltrated the application servers, using legitimate credentials and a whitelisted IP address to disguise their activities. This sophisticated approach allowed them to initiate a series of fraudulent fund transfers from the company's account with Yes Bank, going unnoticed until the audit.

A forensic report by Juspay, the payments-gateway partner, indicated that the attackers' initial attempts were rejected. However, their subsequent use of the company's whitelisted IP address enabled the fund transfers to slip through without triggering any security alerts. The fraudsters' meticulous planning and exploitation of system vulnerabilities have raised concerns about the potential exposure of sensitive financial data.

The Cyberabad cybercrime police have registered a case under various sections of the BNS and Information Technology Act. A cybercrime investigator stated, "We are analyzing the transactions to identify the perpetrators and make arrests." This incident underscores the growing sophistication of cybercriminals and the urgent need for robust cybersecurity measures in the fintech industry. As the investigation unfolds, the financial sector and law enforcement agencies are on high alert, working to prevent similar attacks and protect the integrity of digital financial systems.

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