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A man has been arrested by Bengaluru Police for allegedly hacking the servers of a loyalty reward program company, Rewards 360, and diverting the vouchers and rewards that customers were supposed to get to his own account.
The accused, who is from Andhra Pradesh’s Chittoor, was hacking the company’s server and guzzling down public customers’ reward points for the last 5 months.
Top companies like Axis Bank, Standard Chartered, HDFC and Emirates NBD had partnered with Rewards 360, the loyalty reward program company that was hacked by the man.
The police have recovered 5.2 kg of gold worth more than Rs 3 crores, 27 kgs of silver worth Rs 21.8 lakh and 7 two-wheelers. The police also recovered cash, mobiles and laptops from the accused, Lakshmipathy.
The total value of the recovered items amounted to Rs 4.16 crore.
The police launched an investigation into the alleged fraud after receiving a complaint from the reward program company’s director. The accused is a BTech graduate from IIT, according to the police. He learnt about hacking and data analysis when he was in college.
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