Data of Noida tech firm leaked, suffers ₹50 crore loss

A sector 39 based IT firm suffered losses of over ₹50 crore after unidentified persons hacked mails of various employees, said police.

Elcom Innovations claimed in its complaint that its services were availed by military and paramilitary forces and hence their data were sensitive in nature. The alleged hack was discovered in February and the cybercrime cell investigated the matter following which an FIR was registered on Saturday. The delay in registering the FIR is not unusual in such cybercrimes.

“The company has incurred heavy losses and irreparable damage to its reputation after my email and those of several other people in the department were hacked. We deal primarily in contracts with the defence forces, paramilitary forces and other intelligence agencies of the country,” said the firm’s senior vice president in his complaint to Noida police.

He said that most of the company’s electronic communication was of sensitive nature and substantial financial value as the products being designed by the company were customised.

“The hackers got hold of our bidding prices for various government tenders. They exposed our intellectual property rights leading to duplication of our products and diverted our contracts to other firms,” read the complaint.

The company has further alleged that information was also shared with international clients leading to delays and withdrawal of contracts. Suppliers were also provided with profit margin information causing a hike in prices, the complaint read, resulting in a loss of over ₹50 crore.

Based on their complaint, a case was filed at the sector 39 police station for cheating (section 420 of the Indian Penal Code) and relevant sections of the IT Act. Police officials said that the company suspects the role of one person and a probe in the matter is underway.

“There is evidence indicating it to be an insider job but the investigation is going on for now on all possible aspects and as soon as we have proof, we will take the necessary action against the suspects,” said Azad Singh Tomar, station house officer, sector 39 police station.

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