A massive inter-state cybercrime syndicate targeting government welfare schemes in India was busted by police under an operation code-named “Shutterdown,” revealing one of the largest frauds of recent years involving over 36 arrests and millions siphoned off from government funds intended for farmers, pensioners, and low-income citizens.
The gang, which included government employees and technically skilled individuals, exploited structural vulnerabilities in official portals of welfare schemes such as PM Kisan Samman Nidhi, Social Security Pension, and various compensation programs.
Sophisticated modus operandi
The perpetrators manipulated government databases, using unauthorized IDs to activate fraudulent accounts and reroute OTPs to agents, ensuring transactions remained undetected during operational hours.
Fake beneficiaries were created by purchasing bank account details and identity documents from ineligible person
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
Read the original article:
