Cyber fraudsters hack server of bank in Noida, steal 16.71 crore

Cyber fraudsters recently allegedly hacked the server of a commercial bank in Noida’s Sector 62 to steal Rs 6.71 crore, said the police. They added that this major breach was accomplished by hacking into the bank’s server and transferring the money to 84 different accounts.

The fraud at Nainital Bank Limited came to light during a routine reconciliation of the bank’s balance sheet. The bank’s IT Manager, Sumit Shrivastava, noticed a discrepancy of Rs 3,60,94,020 in the RTGS (Real Time Gross Settlement) account on June 17 while reviewing the balance sheets.