SALAR NEWS

Two hackers steal Rs 48 cr from Bengaluru finance firm's accounts

Police traced the Rs 48 crore cyber heist to foreign IPs and arrested two suspects linked to a network using rented Dubai servers for the transfers.

PTI

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City Police Commissioner Seemanth Kumar Singh takes a look at a gun and the technical devices used to hack Wisdom Finance seized by CCB, during a press meet in Bengaluru on Monday (Mohammad Asad)

BENGALURU, 27 OCT

Two individuals have been arrested for allegedly hacking into the bank accounts of a private finance firm, Whizdm Finance Pvt Ltd, and transferring Rs 48 crore through foreign IP addresses.

The inquiry commenced after a senior manager filed a complaint at the cybercrime police station on 7 August, reporting suspicious unauthorised transactions from the company's accounts.

"The company's internal investigation revealed that these transactions were not conducted from its official systems or registered IP addresses. Instead, they originated from foreign IP addresses, with approximately Rs 47 crore illegally transferred to other accounts," said a senior police officer.

In total, 1,782 transactions were identified, involving transfers to 656 different bank accounts. Rs 27.39 lakh was traced to an SBI account belonging to one individual, arrested on 25 September.

"Further investigation revealed that Rs 5.5 crore was sent to a private firm in Hyderabad, later routed to an ICICI Bank account of another individual," police stated. The investigation uncovered that two Dubai residents had rented five servers used in the scheme.