International Hack: Whizdm Finance Pvt Ltd Loses Rs 48 Crore
Two arrests were made following a cyber heist involving Rs 48 crore, illegally transferred from Whizdm Finance Pvt Ltd's accounts using foreign IP addresses. A senior manager's complaint led to an investigation revealing over 1,700 unauthorized transactions by hackers based in Dubai and Hong Kong.
- Country:
- India
In a stunning financial crime, two individuals have been arrested in connection with the hacking and subsequent fraudulent transfer of Rs 48 crore from the bank accounts of Whizdm Finance Pvt Ltd, police announced Monday.
This international cyber heist unraveled when a senior manager from the finance company filed a complaint at the local cybercrime station on August 7. According to the complaint, suspicious activity pointed to unauthorized transfers occuring on August 6 and 7.
A thorough investigation revealed 1,782 transactions, spreading Rs 47 crore across 656 different accounts. Further analysis traced unauthorized access to Dubai-based suspects who orchestrated the heist through foreign IP addresses, implicating Hong Kong–based hackers in tampering with the bank’s API systems.
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