How cybercriminals hacked AP Mahesh Bank servers and stole Rs 12 Cr

Cybercriminals hacked the servers of the AP Mahesh Cooperative Urban Bank and allegedly transferred Rs 12 crore to other accounts.

By Newsmeter Network  Published on  25 Jan 2022 3:58 AM GMT
How cybercriminals hacked AP Mahesh Bank servers and stole Rs 12 Cr

Hyderabad: Cybercriminals hacked the servers of the AP Mahesh Cooperative Urban Bank and allegedly transferred Rs 12 crore to other accounts.

The cybercrime wing of Hyderabad police registered a case and took up an investigation on Monday after the bank officials lodged a complaint. The bank management noticed suspicious transactions in several accounts and approached the Hyderabad cybercrime police and lodged a complaint.

Some persons hacked into the servers of the bank and transferred huge amounts to about 100 different bank accounts. The bank officials lodged a complaint with the police after the fraud came to light during internal verification.

A police team visited the main branch of the bank to launch the probe. The team gathered details of the cyber security system of the bank. This is said to be the first such e-fraud targeting a bank in the city.

With its headquarters in Hyderabad, Mahesh Bank has 45 branches across four states.

In 2018, hackers had siphoned off Rs 94 crore from Pune-based Cosmos Bank, India's second-largest cooperative bank, by cloning thousands of credit cards.

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