Grand chase: How India and 7 nations retrieved $171 million hacked from a bank

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In the month of July 2016 a massive hack of $171 million was reported at a bank in India. It took just a couple of days for the best minds in India to retrieve all the money. It was an investigation that involved seven countries and in just six days time all the money was retrieved.

Grand chase: How India and 7 nations retrieved $171 million hacked from a bank

On July 20, officials of the Union Bank of India were checking statements for the day from their dollar account. There was a discrepancy that was noticed and further checking revealed that $171 million had been debited from the bank without authorisation of the officials. A red flag was immediately raised.

The money had moved to five locations which included accounts in Cambodia. IT was found that the hacking had taken place by sending malware to a bank official. The same was opened mistakenly which in turn enabled the theft. Senior officials of the Ministry of External Affairs were immediately pressed into service, following which a major investigation was launched. A seven country hunt with pushing from the United States of America was launched. The seven nations managed to retrieve the money within six days. The officials who worked on the case managed to block the transfer of funds and credited the entire amount in six days.

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