Yes Bankand RPG Life Sciences (of Harsh Goenka) are blaming each
other for the Rs 2.4 crore the company lost due to the second reported
hacking of a current account of a corporate. The bank says that it is
the responsibility of the account holder to prevent misuse at its end
and it (the bank) is responsible only for the back-end which it claims
is safe.
Executives from Yes and RPG Life will
meet to settle the issue which has made the corporate world worried
about the security of bank accounts.
"The onus
of safe-guarding the customer's money lies with the bank," said a
spokesman for RPG Group of companies. "The incident is being
investigated by the authorities and we are extending all necessary
cooperation for a rapid investigation."
Mumbai
police is investigating a cyber fraud that led to the hacking of bank
accounts of RPG Life on May 11. Earlier this year, 1 crore was siphoned
off from the current account of a cosmetic firm in Mulund, Mumbai. The
police had arrested 23 individuals in the case.
"The
user ids and passwords were compromised from the company's systems,"
said a bank spokesman. "But once we received the alerts, we were asked
to stop the transactions, which we did. In such cases, a process kicks
in, and the police manages to track down the transacted amounts and even
in cases where transactions have gone through, the KYC details of the
account holders are available, which will help reverse the
transactions."
Yes Bank officials were
reported as saying that the company accounts were hacked as the company
had responded to a Trojan mail, which provided the access of user ids
and passwords to the cyber criminal. The hacker later carried out the
transactions and money was transferred to 13 bank branches across cities
in India.
The transactions were carried out
on a real-time basis. So far the cops have arrested three people in this
case, who withdrew the money from these accounts.
