Bengaluru

Firm loses ₹17 lakh in online fraud

The general manager of an IT firm has filed a complaint with the Hebbagodi police after unknown persons hacked into a client’s email account and conned his team into following financial directions that ultimately cost the company ₹17 lakh. In his complaint, Roshan Khader said his company had a trading agreement with a Chinese firm to import goods.

An assistant manager in the purchase division who handled the account received an email from the Chinese’s firms ID stating that its bank account had been changed. The email enclosed details of the new account and instructed the manager to transfer ₹17 lakh (26,410 USD) for a consignment of material.

As it came from an official ID, the manager transferred the amount on August 3 and few days later called the company to confirm the payment. However, the vendor had no information on this and said that no one from their team had sent instructions to the IT’s firm.

Based on the complaint, the Hebbagodi police have registered a case under cheating, impersonation and also under Section 66 of the IT Act, 2000. They have sought the help of the cybercrime police in their probe.

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Printable version | Apr 7, 2020 6:57:54 AM | https://www.thehindu.com/news/cities/bangalore/firm-loses-17-lakh-in-online-fraud/article24667805.ece

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