CySecurity News – Latest Information Security and Hacking Incidents
The investigation into the hacking of A.P. Mahesh Co-operative Urban Bank Limited’s servers has been taken up by Hyderabad city police’s cybercrime officials.
The Bank has achieved a position of prominence by not sacrificing the spirit of cooperative ideals, while also attempting to integrate and implement innovative techniques of work organization and administration, all while remaining committed to its goals.
According to authorities, the incident occurred around 12 p.m. after bank staff discovered unauthorized access and over Rs. 12.50 crore was deposited to more than 100 trust funds in Telangana. Nearly 2.5 crores of the combined worth of the unauthorized charges have already been frozen by the police. Some individuals hacked into the bank’s servers before logging into the major accounts and transferring the funds to over 100 separate bank accounts.
The fraud was discovered by bank personnel, and a report was filed at the Hyderabad Cybersecurity police station after testing. A preliminary investigation was undertaken by the police, who investigated Mahesh Bank’s main branch and examined the security features and procedures used by the management. Bank payment channels operate 24 hours a day, seven days a week, including holidays, and officials are constantly monitoring them.
Three clients in Mahesh Bank’s two city branches were reportedly questioned about the scam. The authorities were also lookin
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