Mar 13 • 02:16 UTC 🇮🇳 India Aaj Tak (Hindi)

Plan for a transfer of 8 billion, the story of the cyber fraud module caught

Noida police have busted an international cyber fraud module aiming to steal between 60 to 80 crores by exploiting banking system vulnerabilities.

In Noida, the police have successfully dismantled an international cyber fraud module with connections reaching from India to Nigeria and South Africa. This group had devised a plan to exploit vulnerabilities in the banking system to siphon off approximately 60 to 80 crores. However, their scheme was thwarted as the Gautam Buddh Nagar police's cyber crime unit acted swiftly, intercepting the plot before it could come to fruition by arresting two foreign nationals involved in the operation.

The Gautam Buddh Nagar police, upon receiving credible information regarding the active presence of the cyber fraud module in India, initiated a rigorous surveillance operation. This involved days of technical monitoring, digital tracking, and investigating suspicious activities. The details that emerged during the investigation astonished law enforcement, showcasing the intricate planning and international connections of the cyber criminals.

The arrested individuals are reportedly linked to a global cyber threat group known as 'Solar Spider'. According to DCP Cyber Crime Shaivya Goyal, their methods and the scale of the operation underline significant concerns about the vulnerabilities in banking security, highlighting the need for enhanced defenses against such sophisticated cyber crimes in the future.

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