When Hackers Go Green: Enviro Infra Engineers Loses ₹111.5 Million in Daring Cyber Fraud

Image Source: Planify

Enviro Infra Engineers Ltd, a prominent environmental infrastructure firm, has reported a serious case of cyber fraud with a putsative loss of ₹111.5 million (₹11.15 crore). The company informed that illegal transactions were discovered, with money fraudulently withdrawn from its own official bank accounts.

The breach was identified by routine internal audits, and the company management acted swiftly. The authorities have been notified, and an exhaustive investigation is underway to identify the perpetrators and recover the embezzled funds. The company reiterated its commitment to improving its cybersecurity practices and is working with law enforcement and banking partners to avoid further risks.

This episode has rung an alarm on the growing threat of cybercrime against Indian corporates, especially those dealing with big-ticket infrastructure and public sector projects. Industry experts attribute this to the absence of effective internal controls, regular cybersecurity audits, and employee sensitization drives to prevent such breaches.

Although Enviro Infra Engineers Ltd has not disclosed the modus operandi of the cheats, the episode underlines the vulnerabilities of even established firms. The company assured stakeholders that it is doing everything to secure its assets and bring normalcy to business.

Key Highlights:

Cyber fraud case results in approx. loss of ₹111.5 million for Enviro Infra Engineers Ltd.
The funds were illegally withdrawn from the company's bank account.
Incident flagged by internal monitoring; banks and law enforcement partners notified.
Firm initiates extensive examination of cyber security and internal controls.
Incident reveals growing cyber threats to Indian infrastructure firms.

Source: Reuters (RTRS) company reports