Some suspected Nigerian hackers are alleged to have duped a Malian Company, M/s Diamond Cement Company of about $1.25m.
M/s Diamond is also a client of Voltalmpex Pvt Limited, an Indian based company that exports engineering goods in West Africa.
It was reported that the suspected fraudsters posed as representatives of the Indian Company by sending a fraudulent mail to M/s Diamond in which it was duped sending the sum of $1.25m into the fraudsters’ account.
According to the Cyberabad Metropolitan Police, the scheme was so sophisticated that M/s Diamond’s Financial Controller, Tamil Vannan, received correspondence from a known contact Murali Krishna – an account’s executive of Voltaimpex Company.
Vannan had received an email in December 2018, purportedly from k.muralikrishna@voltaimpex.com, asking him to deposit pending payments into the company’s bank account in Andhra Bank’s SR Nagar branch.
Indian police confirmed it had registered a fraud case alleging the gang of Nigerian fraudsters had used targeted phishing to gain access to the database of Voltalmpex firm to execute the fraud.