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Razorpay fraud: Hackers, fraudulent customers steal Rs 7.38 Crore from payment gateway firm

Shortpedia

Content Team
Image Credit: latestly

Hackers and fraudulent customers have stolen Rs 7.38 crore by tampering and manipulating the authorisation process of Razorpay Software to authenticate 831 failed transactions, according to a police complaint lodged by the payment gateway company. Razorpay's Head of Legal Disputes and Law Enforcement Abhishek Abhinav Anand said the company was unable to reconcile receipt of Rs 7.38 crore against 831 transactions.