Archive · 20 Jul 2026
Mumbai Gold Loan Firm Loses Rs 78 Lakh in Cyber Heist
A gold loan company in Mumbai lost Rs 78.1 lakh because hackers broke into their computer system.
The hackers used a special connection to the bank to send money to different accounts without needing a special code.
The company found out the next day and told the police.
The police are now trying to find out who did it and if anyone inside the company or the bank helped.
They are also trying to get the money back from the banks where it was sent.
A Mumbai gold loan company lost Rs 78.1 lakh due to a cyber breach.
Hackers exploited the company’s loan management system to make 18 unauthorized transfers.
The transfers were made without requiring an OTP or manual approval.
The money was sent to multiple bank accounts across Jammu & Kashmir, Kerala, and Maharashtra.
Police are investigating potential insider involvement and have asked banks to freeze the beneficiary accounts.
- Who
- A Mumbai-based gold loan company and unknown cybercriminals.
- What
- Unauthorized API-based transfers totaling Rs 78.1 lakh.
- When
- The incident occurred on July 13, 2026, and was detected on July 14, 2026.
- Where
- The company is based in Mumbai’s Parel.
- Why
- The exact motive is unknown, but the attackers exploited the company’s loan management software and its integrated payment interface.
Company's Perspective
Investigators' Perspective
System Security
Company's Perspective
The company claims its systems were secure and the breach was due to external hacking.
Investigators' Perspective
Investigators suspect the attackers manipulated the company’s systems to generate fraudulent payment requests.
Insider Involvement
Company's Perspective
The company denies any insider involvement.
Investigators' Perspective
Police are examining whether there was any involvement of insiders at either the company or the banking end.
- Amount Lost
- Rs 78.1 lakh
- Number of Transactions
- 18
- Date of Incident
- July 13, 2026
- Date of FIR
- July 17, 2026
- Software Used
- Omnifin Loan Management System (LMS)
- API Provider
- Paysprint Private Limited
- States Affected
- Jammu & Kashmir, Kerala, Maharashtra
- Investigation Status
- Ongoing