Hyderabad techie duped of Rs 42 lakh in sophisticated cyber scam

A software professional from the city was duped by cyber fraudsters to the tune of Rs 42 lakh from his bank accounts and US share market accounts.

As per available information, the techie, who is an active investor in the US share market realized that his identity was stolen after several



wire transactions were carried out over a period of a fortnight. Initially, he received emails from new accounts being opened in his name.

Subsequently, the cyber crooks had allegedly carried out unauthorised wire transfers and withdrawals without even asking for OTP or call authentication.