Nainital Bank’s Noida branch swindled in cyber heist for Rs. 16.50 crore

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Nainital Bank’s Noida branch swindled in cyber heist for Rs. 16.50 crore
Nainital Bank’s Noida branch swindled in cyber heist for Rs. 16.50 crore

According to the case’s current investigation, the money was moved into 89 distinct bank accounts.

Officials revealed on Monday that a huge cyber robbery at a Nainital Bank branch in Noida involved a server breach that led to an astonishing Rs 16.50 crore being unlawfully transferred to many accounts by unidentified criminals. According to Assistant Commissioner of Police (Cybercrime) Vivek Ranjan Rai, an investigation into the June crime, which occurred over five days, is still underway.

“The IT manager of the Nainital Bank’s branch in Sector 62 submitted a complaint at the Cyber Crime police station here, informing us that between June 16 and 20, some unknown persons hacked the servers of the bank,” Rai said.

“The perpetrators of the crime used the hacked servers to control the login ID and password of the bank manager. In doing this, Rs 16.50 crore of the bank was transferred into various accounts,” the officer said.

According to the case’s current investigation, the money was moved into 89 distinct bank accounts, he claimed.

Rai stated that a special team has been assembled to look into this matter more thoroughly.

In order to uncover the cyber theft and retrieve the money, he continued, arrests would be made shortly.

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