Breaches and incidents
Grover Jewells (India): bank processes Rs 16.65 lakh transfer on forged documents sent over WhatsApp
The Delhi jeweller (NSE Emerge) said an impostor posing as company officials contacted its bank over WhatsApp and the bank transferred Rs 16,65,177 on...
- Disclosed
- Verification
- Checked against a primary source
What happened
- The Delhi jeweller (NSE Emerge) said an impostor posing as company officials contacted its bank over WhatsApp and the bank transferred Rs 16,65,177 on forged documents and signatures. The company says its IT systems were not breached and the forged material used signatures available in the public domain.
- Root cause: impersonation of officials to the bank; bank relied on WhatsApp and forged documents.
- Attacker: unidentified.
- Response: reported to the national cybercrime helpline, bank asked to trace and freeze.