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    HomeTelanganaTelangana Cyber Security Bureau Prevents Rs 1.95 Crore Cyber Fraud

    Telangana Cyber Security Bureau Prevents Rs 1.95 Crore Cyber Fraud

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    Telangana Cyber Security Bureau Stops ₹1.95 Crore Cyber Fraud

    Hyderabad: The Telangana Cyber Security Bureau (TGCSB) successfully stopped a cyber fraud attempt and recovered ₹1.95 crore before the fraudsters could withdraw the money. This incident highlights the increasing sophistication of cyber scams targeting businesses.

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    The fraud happened on March 13, 2025, when an accounts officer at a Hyderabad-based company received a WhatsApp message from an unknown number. The sender used the profile picture of the company’s chairman and managing director (CMD) and pretended to be the executive. The scammer asked for an advance payment of ₹1.95 crore for a supposed new project.

    Thinking the request was real, the accounts officer transferred the money. The fraud was discovered when the real CMD received a bank notification about the transfer. When the CMD questioned the accounts officer, they realized the payment was made only based on the WhatsApp message. Understanding that they had been scammed, the company quickly reported the case through the National Cybercrime Reporting Portal (NCRP).

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    The TGCSB acted fast and froze the transferred funds, preventing any financial loss. Officials have advised businesses to implement stricter verification methods for financial transactions and to be careful of fraudulent messages. Investigations are still ongoing to find the fraudsters and prevent similar cyber crimes in the future.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

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