Hyderabad Cybercrime Police have arrested two men from Ghaziabad in connection with a Rs 63.4 lakh insurance fraud. The accused supplied bank accounts for laundering scam proceeds and are linked to at least six such frauds nationwide.
The research wing of New Delhi-based think tank CyberPeace Foundation, along with Autobot Infosec Pvt Ltd, studied two such incidents on the name of SBI.