According to a report by news agency PTI, a branch of Nainital Bank in Noida reported a server breach that resulted in cyber thieves transferring Rs 16.50 crore into multiple bank accounts, said Vivek Ranjan Rai, ACP (Cyber Crime).
Rai added that the police have launched a probe into the crime.
How hackers stole money
According to Rai, the cyber thieves hacked the servers to get hold of the login details and the police are trying to make arrests in the case.
“The IT manager of the Nainital Bank’s branch in sector 62 submitted a complaint at the Cyber Crime police station here, informing that between June 16 and 20 some unknown persons hacked the servers of the bank,” Rai said.
Hackers reportedly infiltrated the bank’s Real-Time Gross Settlement (RTGS) system using stolen managerial login credentials. The breach remained undetected until a June balance sheet reconciliation revealed the theft.
“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 were transferred into various accounts,” the officer added.
The stolen funds were transferred into 89 different bank accounts, Rai said, adding that a special team has been formed to investigate this case further.
