Hackers steal over Rs1.3 crore from fintech company over weekend

Hyderabad: Cyberabad police have initiated a criminal investigation after a city-based fintech company reported that hackers accessed its server and siphoned off Rs 1.39 crore from its bank account over the weekend.

In the complaint, the CEO of the Hyderabad-based fintech company stated that the loss was discovered during the firm’s routine Monday audit on Sept 15. Internal checks revealed that unknown hackers had penetrated the company’s application servers and generated a series of fraudulent requests to partner Yes Bank, resulting in dozens of unauthorised fund transfers.