Kathmandu. A cyber fraud gang has managed to withdraw Rs 11.55 crore (Rs 18.48 crore) by hacking the server of Himachal Pradesh State Cooperative Bank of India.
According to the investigating officers, the cyber fraud gang used the mobile phone of a customer of the cooperative for this purpose. The money was transferred to 20 different bank accounts through the accounts of these customers.
According to Asia Insurance Post, the transactions on May 11 and 12 were closed on May 13, so bank officials received information only on May 14 after receiving the transaction report of the Reserve Bank of India.
The employees of the cooperative bank lodged a complaint at the nearby Shimla Sadar police station after receiving information about the withdrawal of money.
Preliminary investigation revealed that the fraudsters hacked the server through the mobile phone application of a customer who had an account at the bank’s Hatali branch in Chamba district. The case is currently being investigated by the cyber crime branch of the police.
Deputy Inspector General of Police (Cyber Crime) Mohit Chawla said the investigation is underway and further investigation will begin when a team of CERT-In (CERT-In), the nodal agency to respond to cyber security issues, arrives in Shimla.
Experts are trying to find out how the bank’s security was breached.
Bank officials claimed that the remaining customers’ money is safe and all transactions have been stopped.
