Cops save firm's money lost in email spoofing fraud
Cybercrooks hacked an email of the company's US-based officer, obtained details of the firm's vendors and initiated a payment process.
The company's official from the US shared the details with the head office in Chakan, following which Rs33 crore was sent to a bank account number provided to the company.
After realising that they were duped, the company approached the Pimpri Chinchwad cyber police, who managed to save Rs31 crore with the help of the bank. The company lost Rs1.4 crore in the fraud. The company's official from Chakan lodged a complaint with the police on Wednesday.
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Assistant inspector Pravin Swami of the Pimpri Chinchwad cyber police said the bioscience company's plant was in New Jersey in the US. In April, cybercrooks hacked the email of the company's US-based officer and obtained details about the company's vendors. "The crooks also hacked the vendor's email. They created a fake domain in the vendor's name and managed to change the vendor's bank account number," Swami said.
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The officer said the crooks then shared those bank details with the company's official in the US and requested to initiate the payment process. "The official in the US shared those details with officials in Chakan. After making a payment of Rs33.5 crore, the company found that it was a fraud," Swami said.
He said the company approached the cyber police and filed a complaint application. "With the help of the company's bank, we managed to freeze the suspects' account. We even told the company to file a complaint in the US about the fraud. These efforts yielded results, and we managed to recover Rs31 crore before the crooks could withdraw it. Our investigations are on," Swami said.
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