Mon Oct 27 15:35:25 UTC 2025: Okay, here’s a summary and a rewritten news article based on the provided text:
Summary:
Bengaluru police have cracked an international cybercrime ring responsible for stealing ₹47 crore from a private finance firm, Wisdom Finance Pvt. Ltd. The hack involved unauthorized transactions originating from foreign IP addresses, bypassing the company’s security. Two low-level operatives in India have been arrested, while the masterminds are believed to be based in Dubai. Authorities have recovered ₹10 crore so far and are working to apprehend the remaining perpetrators. The investigation revealed a sophisticated operation involving rented servers, Hong Kong-based hackers, and money laundering through multiple accounts.
News Article:
Bengaluru Police Bust International Cybercrime Ring, Recover ₹10 Crore
Bengaluru, October 27, 2025 – The Central Crime Branch (CCB) of Bengaluru has successfully dismantled an international cybercrime racket, recovering ₹10 crore of the ₹47 crore stolen from Wisdom Finance Pvt. Ltd. in a sophisticated hacking operation.
According to City Police Commissioner Seemant Kumar Singh, this is a “first of its kind” case for the CCB. The investigation revealed that on October 6th, hackers initiated 1,782 unauthorized transactions from Wisdom Finance’s bank accounts within a two-and-a-half-hour period. These transactions, totaling ₹47 crore, originated from foreign IP addresses, bypassing the company’s internal security systems.
Police have arrested two individuals in connection with the crime: Sanjay Patel, 43, a plumber from Rajasthan who provided mule accounts for laundering the stolen funds, and Ismail Rasheed Attar, 27, a digital marketing executive from Belagavi, who sold IP addresses used in the operation.
The probe uncovered a complex scheme where Dubai-based masterminds rented servers and IP addresses, and then hired hackers in Hong Kong to manipulate Wisdom Finance’s API systems. The stolen funds were then routed through 656 different bank accounts, including one belonging to Unknown Technologies Pvt. Ltd. in Hyderabad, before ultimately being distributed.
“We have gathered the details of the accused in Dubai and efforts are on to track them down,” stated Commissioner Singh.
The investigation is ongoing, and authorities are working to recover the remaining stolen funds and bring all those involved to justice. This case highlights the growing threat of sophisticated cybercrime and the importance of robust cybersecurity measures for businesses of all sizes.
First Piper 