B'luru Cyber Heist: Did an Employee Facilitate the Theft of Rs 378 Crore?

Click to start listening
B'luru Cyber Heist: Did an Employee Facilitate the Theft of Rs 378 Crore?

Synopsis

In a shocking incident in Bengaluru, a staggering Rs 378 crore was stolen from a company's server, allegedly with the help of an employee. As investigations unfold, the implications of cyber crime on financial security continue to resonate strongly.

Key Takeaways

  • Cyber crime is a growing concern.
  • Employee involvement can complicate investigations.
  • Robust security measures are essential for companies.
  • Authorities are actively pursuing the case.
  • Awareness of cyber threats is crucial for everyone.

Bengaluru, July 30 (NationPress) A significant incident of cyber crime has emerged in Bengaluru, where hackers gained unauthorized access to a company’s server, leading to the theft of around Rs 378 crore. The organization suspects a potential connection to one of its employees.

The FIR has been filed at the Whitefield Cybercrime, Economic Offences, and Narcotics (CEN) Police Station. The complaint was registered by Nebilo Technologies Private Limited, situated in Vaishnavi Tech Park near Bellandur. The complaint was submitted by Hardeep Singh, the Vice President of Public Policy and Government Affairs.

Suspicion has fallen on Rahul Agarwal, a part-time staff member, who is currently in police custody.

As detailed in the FIR, the company functions as a platform for cryptocurrency trading and transactions.

On July 19, at approximately 2:37 a.m., an unidentified hacker accessed the company's wallet and transferred 1 USDT to a different account. Later, around 9:40 a.m., the same hacker transferred $40 million (around Rs 378.95 crore) to their own account, subsequently dispersing the funds across six various accounts.

Upon investigating the breach and fund transfers, it was revealed that the laptop belonging to employee Rahul Agarwal had been compromised. When interrogated, Agarwal stated he had been employed on a part-time basis for a year and used the laptop exclusively for company-related activities.

However, it was discovered that the laptop had also been utilized for personal tasks, in violation of company protocols. The FIR raises suspicions regarding Rahul Agarwal's potential involvement in the crime, possibly in collaboration with others.

The police have filed charges against Rahul Agarwal and unidentified accomplices under Sections 66, 43, 66(C), and 66(D) of the Information Technology Act, alongside Sections 303, 316(4), 318(4), and 319(2) of the BNS Act.

Authorities are continuing to investigate the situation, and more information is anticipated to surface as the inquiry progresses.

Cyber crime remains a pressing concern, with many individuals falling prey to such incidents over the years, losing their hard-earned money. Nonetheless, dedicated efforts by law enforcement have resolved numerous cases, leading to the recovery of substantial amounts of stolen funds.

Point of View

It is crucial to acknowledge the persistent threat posed by cyber crime in our increasingly digital world. While this incident highlights vulnerabilities in corporate security, it also emphasizes the importance of vigilance and robust cybersecurity measures. We stand committed to keeping our audience informed about such pressing issues, ensuring they remain aware and prepared.
NationPress
31/07/2025

Frequently Asked Questions

What happened in the Bengaluru cyber heist?
A company's server was hacked, resulting in the theft of approximately Rs 378 crore. An employee is under suspicion for potential involvement.
Who is suspected in the cyber crime?
Rahul Agarwal, a part-time employee, is currently under investigation and has been taken into police custody.
What was the method of theft?
The hacker accessed the company's cryptocurrency wallet and transferred large sums to personal accounts.
What actions are being taken by the police?
The police have registered an FIR against the suspect and are continuing their investigation.
How does this incident reflect on cyber security?
This case underscores the need for enhanced cyber security measures within companies to protect against potential breaches.