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The Hindu

National

The Hindu Bureau

Hacker steals ₹7.3 crore from payment gateway company Razorpay in Bengaluru

RazorPay Police

The South East cyber crime police are trying to track down a hacker who stole ₹7.3 crore over three months by manipulating the authorisation process of a payment gateway company to authenticate 831 failed transactions.

The theft came to light when officials of Razorpay Software Private Limited were auditing the transactions. They were unable to reconcile receipt of ₹7,38,36,192 against 831 transactions.

Razorpay Software Private Limited provides online payment services that allows businesses in India to collect payments through credit card, debit card, net banking, and wallets.

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