Pune Entrepreneur’s Email Hacked, Robbed Of Rs 14 Lakh; Fraudsters Hacked Email Conversation With Client!

Another cyber attack has now come to light and this time, the company that has been scammed has faced a loss of a huge Rs. 14.5 lakh in this attack. 

This is yet another case of scamming people through the ‘man in the middle’ method. Companies and people alike have been falling prey to cyberattacks of all kinds, and police and authorities have been urging citizens to be extremely aware and alert while 

Find out what went down right here!

Pune Based Company Loses Rs. 14.5 Lakhs: Modus Operandi

The victim of this cyber attack is a private company based in Bhosari, Pune, whose managing director has filed a First Information Report (FIR) against the cybercriminals.

Apparently, the scamsters hacked into the email address of the company and obtained sensitive data about another Nashik based company, of metal components. The two companies were in the middle of a business transaction. 

The criminals then made up a fake email id that is highly similar to that of the Nashik based company, and also continued with the communication that was in progress about financial transactions. 

Police Takes Action, But Is It Too Late?

The victim company then transferred the amount of Rs. 14.5 lakh to the bank account of the cybercriminals. However, when the fraud was discovered, it was too late. A complaint was then filed with the Cyber Crime Cell immediately. 

Senior Inspector Sudhakar Kate of Pimpri Chinchwad Police’s Cyber Crime Cell said, “This is not the first time that the companies in Pimpri-Chinchwad area have been cheated in the ‘man-in-the-middle’ attack. There have been four such cases in the past three months. In two of those cases we have facilitated the return of the siphoned amount.”

He also said that they have issued an advisory which will help to avoid falling prey to such kinds of frauds and attacks, and businesses and companies have been alerted to follow the guidelines. 

Such email hack to impersonate a client, and then rob money is certainly a new, and ‘intelligent’ way of scamming people.

It is strongly advised that always double check the email, with which you are having a conversation, and about to share personal and business information.

Stay alert, stay vigil.