Razorpay Hacked: Hacker Steals ₹7.3 cr By Authorising 831 Failed Transactions

India's leading payment gateway provider, Razorpay is investigating loss of ₹7.3 Cr via 831 failed transactions. The hacker has supposedly manipulated the authorisation process of the gateway provider to authenticate failed transactions. The theft was detected during audit of the transactions.

Abhishek Anand, head of Legal Disputes and Law Enforcement at Razorpay has filed a complaint with South East Cyber Crime Police on May 16th. The details of all the transactions have been handed over to the police.