
NOB-Hyderabad news: Cyber criminals are taking new steps every day to rob innocent people. From time to time they are changing their ways and looting people. A company was defrauded of a huge amount by claiming to have changed bank accounts recently. When the cyber criminals sent a fake mail, the managers of the company blindly believed it and gave the details they asked for. Within moments, Rs. 11.4 crores were withdrawn from the company’s bank account. This shocking incident came to light in Hyderabad. There is a pharmaceutical company in Rayadurgam Knowledge City, Hyderabad. It manufactures oncology, ophthalmics and hormonal products there. Regarding the internal quality control matters in this company, the transactions of those who supply the raw material to the company are done online only. A life sciences company looks at the process of sending money online like this. In this order, on May 11th 2024, an email was received by the said Pharma company in the name of Life sciences. The gist of the mail is that the company’s bank accounts have changed and the money due from the company should be transferred to two other bank accounts. Thinking that this email was sent by a life sciences company that was looking into their company’s transactions, the company managers sent 13,67,195 American dollars to the accounts indicated in the mail.
However, on the 16th May 2024, the Pharma company received a phone call from the life sciences company saying that they have not yet received the payment to the raw material suppliers. The representatives of the company replied that the accounts have changed in the mail, you have given different account numbers, and the money has been sent to the two bank accounts given by you five days ago. This is where the real thing came out and they were shocked. The representatives of the Pharma company were confused when the representatives of the life sciences company said that they had not sent any mail. Knowing that all this was done by cyber hackers, the company could not do anything and approached the police. The Pharma company, which was found to have embezzled Rs.11.4 crore by sending a false mail, lodged a complaint with the Telangana Cyber Security Bureau (TGCSB). The Cyber Branch has started an investigation on this.