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In: 2 men held for stealing lakhs via net banking

Posted on May 24, 2010 by Dissent

A Selvaraj reports:

The CB-CID’s cyber crime wing on Saturday arrested two Mumbai men for withdrawing Rs 26.55 lakh and Rs 75,510 respectively through fraudulent means from two separate accounts of two Tamil Nadu-based persons using net banking. The arrested, S Vinayak Shivaji Khandare (20) and I Ibrahim Ansari (25), have been brought to Chennai and remanded in judicial custody at the Puzhal prison.

On November 5 2009, Tiruchi-based businessman S Salahudeen from Tiruchi noticed an illegal transaction from his account through net banking and alerted the police and bank officials, the police said. The transaction was found to be done by couriers. Cyber cell officials found involvement of eight couriers in Chennai, Mumbai, Kolkata, Bangalore and Sangli in Maharashtra.

Read more in the Times of India.

Thanks to Brian Honan for this link.


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Category: Breach IncidentsFinancial SectorHackID TheftNon-U.S.

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