We've received an updated statement from Mobikwik: "We detected a financial discrepancy on the company by some unidentified persons. We reassure that our users data and money is safe and secure and is not compromised and also payment gateway transactions is safe and secure with strong firewalls. We have taken immediate action by lodging FIR with gurgaon police cyber cell for criminal investigation and to punish the culprits." Earlier: Wallet company MobiKwik reported Rs 19 crore missing from its accounts and has filed a FIR on Tuesday, reports the Hindustan Times. A spokesperson for the company confirmed the development to MediaNama. The report added that MobiKwik was unable to find where the money had gone from and hinted at a fraud in the company. It added, that in its complaint, MobiKwik said that the money was supposed to be deducted from customer's wallets but was deducted instead from the company's accounts. A case was registered under Section 420 (fraud) and Section 406 (criminal breach of trust) of the IPC and was referred to the Gurgaon's cyber crime wing. Rise in financial crime Meanwhile, earlier this year, the ministry of electronics and information technology (MeitY) issued a consultation paper which calls for developing a framework for security of digital wallets operating in the country. As part of the guidelines recommended, the government said CERT-In shall notify the categories of incidents and breaches that are required to be reported to it mandatorily. Financial cybercrime in India has been steadily increasing over the years. For the year 2015-16, the…
