A ‘man in the middle attack’ type of cyber scam was foiled by Mumbai Police on Saturday, who stopped a fake online banking transaction worth ₹44.43 lakh.
A’man in the middle attack’ is a sort of cybercrime in which a fraudster intercepts and distributes internet messages (such as emails) between two parties who believe they are speaking directly.
According to a crime branch official, cyber fraudsters were able to slip in between the director of a Mumbai-based textile company and his partner company’s communication.
According to him, the anonymous fraudster supplied incorrect bank account details via net banking, resulting in the ₹44.43 lakh transaction.
However, the company director realised that the account number was wrong and notified the cyber police 1930 helpline.
The cyber police approached the bank and halted the transaction, according to the official, who added that this was only possible because the complainant approached police without wasting time.
