News > Hacker steals ₹7.3 crore from payment gateway company Razorpay

Hacker steals ₹7.3 crore from payment gateway company Razorpay

The Hindu | 21/05/2022 03:56 PM | Click to read full article

Hackers and fraudulent customers have stolen ₹7.38 crore by tampering and manipulating the authorisation process of Razorpay Software to authenticate 831 failed transactions.

On contacting its 'authorisation and authentication partner' Fiserv, a fintech and payments company, it was communicated to Razorpay that these transactions had failed and were not authorised or authenticated.