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Cyber fraud: Hackers swindle Rs 130 crore from a Mumbai-based Italian firm

Cops registered a case against unidentified hackers at the cyber police station on January 12

Press Trust of India  |  Mumbai 

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In perhaps the biggest such online heist, a Mumbai-based Italian firm lost Rs 130 crore to suspected who allegedly convinced its local managers that the money was needed for acquisition, police said on Monday.

The 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 also arranged a series of conference calls to discuss the acquisition, following which heads of the Indian subsidiary transferred the amount in given bank accounts from time to time, he said.

Based on a complaint by the company officials, police registered a case against unidentified hackers at the station on January 12 and conducting the further probe.

First Published: Tue, January 15 2019. 00:10 IST