A principal in Greater Noida lost Rs 5.58 lakh due to cyber fraud; police are looking into it.

 The principal of a Greater Noida West primary school lost Rs 5.58 lakh from her Punjab National Bank (PNB) pay account as a result of a cyber scam. When she checked her account balance on November 13 and found the missing cash, she realized that the fraud had been carried out through NEFT (National Electronic Funds Transfer).

The headmistress of Rohilapur Primary School, Ms. Singh, reported the incident right away to the PNB branch and the cybercrime police station. She claims that she has not shared her OTP or PIN with anyone, nor does she utilize net banking or any other digital transaction services like UPI. She further attested that the transaction had not been made using her ATM card.

Upon reviewing the bank records, it was verified that NEFT was used to transfer the funds. Ms. Singh was shocked and upset to learn that none of her family members had anything to do with the transaction.

In order to find and capture the offenders, the police have filed a case and started an investigation, according to Vijay Kumar Gautam, in-charge of the Cyber Crime Police Station. He promised that following a thorough investigation of the situation, action would be done.

This example demonstrates a rising pattern in sophisticated financial fraud, in which cybercriminals circumvent conventional security protocols without the victim's knowledge or consent. The event has sparked worries about the security of online banking and the necessity for account users to be more watchful.

Police have urged the public to regularly monitor bank account activity, report suspicious transactions immediately, and avoid sharing sensitive information. In the meantime, attempts are being made to track down the scammers and retrieve the money that was stolen.