Rs 16.5 Crore Stolen From Nainital Bank's Noida Branch In Major Cyber Heist

Cybercriminals entered the bank's RTGS channel by hacking the manager's login credentials and wiped out Rs 16.5 crore between June 16 and June 20.

In a major cyber heist, over Rs 16 crore was cleaned out of Nainital Bank's Noida branch after its servers were hacked and money was transferred to 89 different accounts.

Cybercriminals entered the bank's Real Time Gross Settlement, or RTGS, channel by hacking the manager's login credentials and wiped out Rs 16.5 crore between June 16 and June 20.

The bank's IT manager, Sumit Kumar Srivastava, went to the cyber crime police station and filed a complaint. The balance sheet was being tallied for June when the heist was noticed, Mr Srivastava said in his complaint.