Cyber Fraud Case Worth ₹78 Lakh Targeting Mobile Firm in Noida is Probed by Police
“Police in Noida have probed a cyber fraud case worth ₹78 Lakh which targeted a mobile firm.”
After an authorized mobile phone service center reported suffering a significant financial loss as a result of an email-based fraud, police in Noida have opened an inquiry. The manufacturing partner of the Sector 59 company sent what looked to be a genuine payment request, but it turned out that the sender was bogus.
Finance Manager, Company
| “Investigators were informed by the company’s finance manager that “the email looked identical to those we regularly receive from the manufacturer.” It even told us to update our payment system using the supplier’s bank information. We thought the transfer was real when we made it.” |
Assuming the payment was for the routine purchase of mobile phone parts, the service partner transferred ₹78.9 lakh from its Bengaluru bank account. Only when the manufacturer acknowledged that it had never sent out such an email or received any money did the fraud become apparent.
The Components of a Business Phishing Scam
According to the police, the email originated from an address that only differed by one character from the manufacturer’s domain, which is a sign of what cybersecurity experts refer to as a “business email compromise” (BEC) attack.
These frauds rely on psychological familiarity: the perpetrators mimic trusted identities, study preexisting communication patterns, and make tiny changes that are undetectable during normal transactions.
In this instance, the fraudsters changed the payment credentials without verification by taking advantage of the business’s automated invoicing system.
Senior Officer, Cybercrime Branch, Noida
| “These scams are no longer amateurish.” “They are timely, well-researched, and targeted at professionals managing large corporate accounts.” |
An Increasing Danger to India’s Business Sector
This case is part of an increasing number of corporate cyber thefts that have recently affected India’s manufacturing and technology industries. Supply-chain networks are the focus of a substantial increase in email spoofing, invoice redirection, and payment diversion frauds, according to cybercrime units in Bengaluru and Delhi-NCR.
Police data indicates that a large number of these crimes are planned from overseas, frequently using “money mule” accounts or offshore servers. Following the transfer, the money is quickly divided and transferred between several digital wallets, making recovery challenging.
Cybersecurity Analyst
| “According to a cybersecurity specialist who has dealt with similar situations, “the attackers study how invoices flow and where authorizations happen.” Even watchful companies can be duped once certain patterns are replicated. Unless banks are notified within hours, the losses are rarely recoverable.” |
Examination and Wider Consequences
Under the rules of the Information Technology Act and the Bharatiya Nyaya Sanhita (BNS), a formal complaint has been filed, and SHO Ranjeet Singh’s Cybercrime Branch is investigating the matter.
The email trail, server records, and recipient accounts connected to the ₹78.9 lakh transfer are currently being tracked by investigators.
Noida Police
| Additionally, they are collaborating with the company to find any internal leaks or data breaches that would have enabled the theft. |
Such incidents, according to experts, highlight the critical necessity for employee awareness training, secure domain monitoring, two-step verification, and corporate digital hygiene. The sophistication of the enemies who take advantage of India’s weaknesses is growing along with the country’s digital economy.
Officer
| One official pointed out that “even a single incorrect click can cost a company months of revenue and years of trust.” |
About The Author
Suraj Koli is a content specialist in technical writing about cybersecurity & information security. He has written many amazing articles related to cybersecurity concepts, with the latest trends in cyber awareness and ethical hacking. Find out more about “Him.”
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