Ultraviolette finds a solution to the global chip shortage problem while creating Indian flying taxis

A major cyber fraud occurred at one of the Non-Banking Financial Companies (NBFC) in Hyderabad. The perpetrators managed to gain access to the company's systems and its Application Programming Interface (API). As a result, over 3.3 crore rupees were withdrawn from the company's account in just 87 minutes, involving 183 transactions, with funds transferred to 52 suspicious accounts.

Currently, only about 40 lakh rupees have been frozen, meaning a significant portion of the alleged stolen amount is still under investigation.

This incident took place at an NBFC that provides lending and other financial services. According to the statement filed with the police, continuous suspicious transactions were made from the company's bank account between 10:31 AM and 11:58 AM on October 19. A total of 183 transfers were executed, moving over 3.3 crore rupees to various accounts.

Analyzing the data makes it clear: 87 minutes, 183 transactions, and 52 bank accounts. On average, this meant more than two transactions per minute. Initial investigations suggest that the funds were quickly distributed across multiple accounts. Police reported that the amount of each individual payment ranged from 50 thousand to 2 lakh rupees.

Investigative bodies are currently determining which specific accounts received the money, where it was subsequently redirected, and who is behind the entire network.

A crucial aspect of this case is how the attackers gained access to the company's system and its API. An API is a digital channel through which two software or systems exchange information and operate according to predefined instructions. In financial companies, APIs are used to connect various digital services and systems.

If any person or group gains unauthorized access to such systems and successfully bypasses security measures, it can be misused. However, the method of the hack in this case—what vulnerabilities were exploited by the criminals and how they managed to access the system—has not yet been determined.

Therefore, the company has requested system logs, API logs, transaction records, bank statements, and internal reports as part of the investigation.

The main question in this case is exactly where the millions of rupees went. According to an official from the Telangana Cyber Security Bureau (TGCSB), approximately 40 lakh rupees have been frozen in suspicious accounts so far to prevent their withdrawal or transfer.

Comparing the fraud amount, exceeding 3.3 crore rupees, with the frozen 40 lakh rupees shows that the majority of the damage is still under intense scrutiny by investigators. The company's Chief Financial Officer (CFO) filed a complaint with the Telangana Cyber Security Bureau on October 20. This complaint requested an investigation into the cyberattack, the identification of the responsible parties, and the freezing of suspicious accounts. On the same day, the company notified the incident via the National Cybercrime Reporting Portal.

Following this, investigative agencies began collecting digital evidence and records related to the transactions. The investigation is ongoing. The company faces an estimated loss of over 3.3 crore rupees, with only about 40 lakh rupees known to be frozen.

MG Motor has introduced an updated version of its popular electric vehicle by releasing the Windsor EV Indulge model. This version includes changes to the exterior appearance as well as the addition of new interior elements.

The Windsor EV Indulge model features a fresh exterior color, updated seat upholstery, and additional cabin functions. Although the car's comfort and convenience have been improved, it will only be available with a small battery pack capacity of 38 kWh, which implies a shorter driving range.

MG stated that various accessories will be offered with the Windsor EV Indulge, including rear sun visors, 3D floor mats, chrome bumper accents, protective bumper corner guards, side body cladding, and leather key covers. The Windsor EV Indulge was launched at an export price of 17.89 lakh rupees.

This special edition will be presented in Shadow Gold color. It is equipped with 18-inch black aluminum alloy wheels, matching the standard model size, and features the Indulge emblem indicating its special edition status. Additionally, the package includes LED lighting, body spoilers, a black roof, and black-painted rearview mirrors.

The main changes concern the exterior color and some interior elements. The new Windsor features black and taupe leather seating. A retractable touchscreen panel installed on the roof, intended for rear passengers, has also been added. The front seat headrests will feature the Indulge inscription, and Indulge-themed cushions and neck supports will also be available.

Other specifications of the electric vehicle remain unchanged. The car is equipped with a 15.6-inch touchscreen multimedia display. This variant is only available with a 38 kWh battery. The vehicle can develop 134 hp and 200 Nm of torque, with a claimed range of 332 kilometers on a single charge. This popular MG electric vehicle has been purchased by over 80 thousand consumers.