Hyderabad-based NBFC loses over Rs 7 crore in cyberattack; second similar attack in a week | Hyderabad News

Hyderabad: The Telangana Cyber Security Bureau (TGCSB) has registered a criminal case after a city-based Non-Banking Financial Company (NBFC) lodged a complaint on Saturday, alleging that unknown offenders launched a cyberattack and siphoned off Rs 7.1 crore from their corporate bank. This is the second such similar attack this week on a city-based NBFC.On Saturday, a 45-year-old director of the NBFC filed the complaint with the TGCSB headquarters police station. According to him, the company staff noticed on Friday that over Rs 7 crore had been transferred out of their corporate bank account between 11 am and 12 noon. “The money went to various beneficiary accounts in 39 unauthorised transactions through RTGS and IMPS transfers,” the complainant told police.The company, registered with the RBI and headquartered in the Financial District at Nanakaramguda, has asked the bank to suspend the compromised banking channels to prevent further losses. It has urged police to trace and freeze the funds before they are withdrawn or moved again. A complaint was also lodged on the National Cyber Crime Helpline, 1930, on Friday.The transaction list shows repeated transfers to seven accounts in the names of different companies, and one particular account, Punith Traders, received Rs 2.25 crore in eight transactions. Other recipients include trading, construction and enterprise firms, as well as individuals.Based on the complaint, the TGCSB police have registered a case under sections 318(4) (cheating) and 319(2) (cheating by personation) of the Bharatiya Nyaya Sanhita (BNS), and sections 43, 66, 66C and 66D of the Information Technology Act against unknown accused.This is a second such attack on a city-based NBFC in one week. On Nov 1, another NBFC lodged a complaint with the TGCSB alleging unknown offenders illegally transferred Rs 7.8 crore from the company’s corporate account to 82 bank accounts within about six hours and 40 minutes. TGCSB is yet to identify the offenders.