Massive Cyber Heist Hits Noida Bank: Rs 16.5 Crore Vanishes in 5 Days

Current Affairs National

Posted by pallavi on 2024-07-16 04:38:22 |

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The Noida branch of Nainital Bank witnessed a major cyber heist after cyber crooks wiped away over Rs 16.5 crore from the bank by hacking its servers in just 5 days. According to reports, the bank’s servers were hacked and the amount was transferred to 89 accounts within a few minutes. The cybercriminals accessed the bank's Real Time Gross Settlement (RTGS) channel by hacking the manager's login credentials, stealing Rs 16.5 crore between June 16 and June 20.

Following the incident, the bank's IT manager, Sumit Kumar Srivastava, filed a complaint at the cyber crime police station in Noida. Srivastava stated that the heist was discovered when the balance sheet was being tallied for June. On June 17, the balance sheet showed a shortfall of Rs 3,60,94,020 during a regular audit of the RTGS, revealing the fraud when the balance sheet could not be matched for several days.

"A case has been registered by the IT manager of Nainital Bank," a senior police official stated. "He said that about Rs 16.5 crore was withdrawn by hacking the manager's credentials and the bank's server.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 found transferred to 89 various bank accounts.

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