100 crores in the bank account of a 16-year-old boy, the eyes of the officials turned white, excitement in the cyber world, a conspiracy was hatched…

What we used to do when we were sixteen. Used to read books, didn’t have enough common sense to use this type of mobile phone as well. But this sixteen-year-old boy earned Rs 100 crore through cyber fraud in just one year. Wouldn’t you be shocked to hear! There was a glitch in the payment acceptance website of the power company UPPCL and this boy took advantage of this glitch to cheat the company to the tune of Rs 100 crore. But let’s know exactly how.

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Cyber ​​experts explained

Revealing the whole matter, a cyber expert explained that when you pay your electricity bill, a new session is created on the electricity bill website, which gives access to the bank through which you are making the payment. You then enter your login password and make the payment. The payment is processed at the bank and then an acknowledgment is sent to the main website. UPPCL receives an acknowledgment of successful payment and then sends an update to the bill. This is a normal process.

Advertisement in newspaper

This young man had noticed a flaw in the whole process. He started placing advertisements in newspapers, in which he would say, “If you want to reduce your electricity bill, come to me.” His business grew to such an extent that people would come and say, “Sir, this is a bill of Rs. 500,000.” He used to charge Rs.50,000. He could reduce bills by 80-90 percent. His business began to grow. He defrauded the power company, UPPCL of Rs.100 crores. But he made one mistake: he placed an ad in a newspaper and got stuck there. All his things broke and he was arrested.

Payment at zero balance

The boy used to pay from a bank account with zero balance. When a payment was made with a zero balance, the payment would fail. A negative acknowledgment would be sent indicating that the payment failed. However, during this entire process, it would install a virus shark tool between these two apps. This tool converts an in-app acknowledgment into a positive acknowledgment and forwards it. By using this, he had painted the game so far.

₹100 crore fraud

Due to this, the payment appears in UPPCL’s ledger, but the money does not get credited to the account. He would print out the payment and give it to them. Thus, power company UPPCL was defrauded of ₹100 crore.

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