Cyber Fraud: Ahmedabad Firm Swindled of ₹60 Lakh Using Fake Income Tax Email
An Ahmedabad-based firm was defrauded of approximately ₹60 lakh by cybercriminals who utilized a sophisticated phishing scam involving a fake email impersonating the Income Tax Department.
Key Details of the Fraud
- Modus Operandi: The fraudsters sent a convincing email that appeared to be from the official Income Tax authority. The email likely claimed that the firm was due a tax refund or had some urgent compliance issue, prompting the recipients to click on a malicious link or provide sensitive financial information.
- Loss Incurred: The fraudulent scheme resulted in the Ahmedabad firm losing a significant sum, estimated at ₹60 lakh.
- Targeting and Deception: The incident highlights the growing trend of cybercriminals exploiting the trust placed in official government communication and the complexity of tax procedures to successfully deceive businesses.
- Official Action: Following the loss, the firm lodged a complaint, leading to an investigation by the relevant cybercrime authorities to track the fraudsters and recover the swindled funds.
Source :- Gujrat Samachar English