Hyderabad techie duped of Rs 42 lakh in sophisticated cyber scam

According to available information, the techie—an active investor in the US stock market—discovered his identity had been stolen after noticing multiple wire transactions made over a span of two weeks. His suspicion was first triggered by emails indicating that new accounts had been opened in his name. 1/2

Hyderabad: A software professional from the city was duped by cyber fraudsters to the tune of Rs 42 lakh from his bank accounts and US share market accounts.

As per available information, the techie, who is an active investor in the US share market realized that his identity was stolen after several wire transactions were carried out over a period of a fortnight. Initially, he received emails from new accounts being opened in his name.

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Subsequently, the cyber crooks had allegedly carried out unauthorised wire transfers and withdrawals without even asking for OTP or call authentication.

They also wiped out the complainant’s WhatsApp account details and asked for ransom to reinstate access to his accounts. The money was transferred to several accounts and withdrawals were also made without his knowledge.

Based on his account, the cybercrime police booked a case and took up investigation.