Finance firm employee loses Rs 45 lakh to cyber criminals

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Finance firm employee loses Rs 45 lakh to cyber criminals

A finance firm employee has lost nearly Rs 45 lakh to thieves in yet another evidence of the increasing incidence of cybercrime. The event emphasizes the need of raising awareness about cyber risks and taking sufficient precautions to protect personal and financial information.

According to accounts, the financial firm employee received a call from someone purporting to be from his bank’s fraud department. The caller notified the employee that there were unusual activities on his account and requested his personal and banking information in order to verify his identification. Unfortunately, the employee fell for the hoax and provided his personal information, which was subsequently utilized by the crooks to conduct unauthorized activities.

Nearly Rs 45 lakh had been transferred from his account to numerous other accounts by the time the employee realized what had transpired. The incident not only resulted in financial losses for the employee, but also raised major worries about financial institutions’ security procedures and the vulnerability of their clients’ information to cyber threats.

Finance firm employee loses Rs 45 lakh to cyber criminals
Finance firm employee loses Rs 45 lakh to cyber criminals

This incident serves as a caution for people to be cautious when giving personal and financial information, especially over the phone or by email. Before disclosing any information, it is critical to confirm the legitimacy of any calls or texts purporting to be from a bank or financial institution. Banks and financial institutions must also take proactive steps to educate their consumers about cybercrime threats and give them the tools and resources they need to defend themselves.

See more: Infoblox Discovers DNS Malware Toolkit targeting enterprises

See more: Did ICICI Bank data leak expose sensitive data of 35 lakh clients?

Cybercrime is a growing issue that demands ongoing monitoring and proactive steps to combat. Individuals must be cautious and alert when sharing personal and financial information, and banks and financial institutions must do their share to ensure that their customers are adequately protected. We can help avoid instances like this from happening in the future by working together.

 

Author: Priyanka Priyadarshini Dwibedy

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