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Chinese hackers dupe Indian arm of Italian company, steal Rs 131 crore - India Today

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Cyber fraudsters siphoned off Rs 131 crores (18.6 Million USD) from an India-based arm of an Italian company, following which a case has been registered in the matter.

The fraud, reportedly an act of Chinese cybercriminals used phishing emails a fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by sending phony emails.

Tecnimont Private Limited (TCMPL), which said it lost Rs 131 crore in the cyber attack, has its registered office in Malad, Mumbai.

The complaint filed by the company on January 5 indicated that the company’s former chairman and managing director (CMD) Mario Ruzza was contacted by alleged Chinese nationals through email Ids, which were similar to the group CEO’s email.

Unknown Chinese nationals reportedly demanded transfer of a large sum of money under the guise of group CEO for a confidential merger and acquisition venture.

Ruzza received emails allegedly from an email ID almost similar to that of the Group...(continued)

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