Cyber fraud by ex-employee and IT vendor; fraudulent domain used to impersonate company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cressanda Railway Solutions disclosed that ex-employee Devendra Jha, in collusion with the head of outsourced IT vendor Ocean IT Solutions (Mr. Kamlesh), created a fraudulent domain cressandarailway.com and email info@cressandarailway.com to impersonate the company and mislead government clients including Eastern Railway and a Maharashtra government department. The company has alerted affected clients, terminated the IT vendor's access, initiated a cybersecurity audit, and is filing a cyber crime complaint for identity theft and trademark infringement.
Shareholders should disregard communications from cressandarailway.com or info@cressandarailway.com as fraudulent. No direct financial loss reported, but reputational risk exists.