Hackers took 25 crores from a Thane-based company's escrow bank account during a significant cyberattack. The construction company had placed the funds in the escrow account as a condition of a contract with another business.
The money was transferred to the hackers' own accounts once they got access to the business's computer systems. The police are looking into the situation after receiving a complaint from the corporation.
This is the most recent in a string of cyberattacks against Indian companies. Numerous prominent attacks have occurred recently, including the hacking of the Reserve Bank of India and the National Stock Exchange.
For enterprises in India, the frequency of cyberattacks is a serious problem. The issue has received some attention from the government, but more has to be done to strengthen cyber security.
The Thane company's computer systems had a weakness that the hackers were able to take advantage of. Due to this weakness, the hackers were able to access the company's network and withdraw funds from the escrow account.
For enterprises in India, the frequency of cyberattacks is a serious problem. The issue has received some attention from the government, but more has to be done to strengthen cyber security.
The Thane company's computer systems had a weakness that the hackers were able to take advantage of. Due to this weakness, the hackers were able to access the company's network and withdraw funds from the escrow account.
The company has since taken steps to improve its cyber security. However, this incident highlights the need for businesses to be vigilant about cyber security. Businesses need to ensure that their computer systems are up to date and that they have strong passwords in place. They should also be aware of the latest cyber threats and take steps to mitigate them.
The cyber attack on the Thane company is a reminder that cyber security is a serious issue for businesses in India. Businesses need to take steps to protect themselves from cyber-attacks.
