Indian IT companies embroiled in $45M global bank heist

Summary: Cybercriminals hacked into the systems of two Indian debit card payment processing companies in order to manipulate accounts and make off with millions of dollars.





Cybercriminals hacked into the IT systems of two Indian companies that processed debit card payments in order to steal US$45 million from two Middle Eastern banks.

A separate Reuters report last Sunday said the Indian government’s IT watchdog, the Indian Computer Emergency Response Team (CERT), was investigating the technicalities involved in breaching the payment processing companies’ database. 




Topics: Security, Banking, Legal, India

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Australian-born, Bangalore-based Mahesh Sharma is ZDNet’s India correspondent.

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Source Article from http://www.zdnet.com/in/indian-it-companies-embroiled-in-45m-global-bank-heist-7000015254/

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