MH-SWINDLE

MH-SWINDLE
  • Country:
  • India

In perhaps the biggest such online

heist, a Mumbai-based Italian firm lost Rs 130 crore to

suspected hackers who allegedly convinced its local managers

that the money was needed for an acquisition, police said

Monday.

The hackers sent emails to the head of the Indian

subsidiary of the firm through an email account, which looked

similar to that of the group CEO, a police official said.

The hackers also arranged a series of conference calls

to discuss about the acquisition, following which heads of the

Indian subsidiary transferred the amount in given bank

accounts time to time, he said.

Based on a complaint by the company officials, police

registered a case against unidentified hackers at the cyber

police station on January 12 and conducting further probe.

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