Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Greek hackers steal from Indian cops' bank accounts  Join our daily free Newsletter

MENAFN - Khaleej Times - 15/06/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) While Mumbai police has been battling cybercrimes for years, the latest incident of hacking has come as a shock for the force, as the salary accounts of 14 police officials were hacked by criminals in Greece, who had cloned their ATM cards.

Hackers with cloned ATM cards of the 14 officials withdrew euros the equivalent of hundreds of thousands of rupees from ATMs in Greece. Mumbai police has now formed a special team to crack the latest hacking that has affected its own officials.

According to police sources, the salary accounts of 14 officials in Axis Bank, an Indian lender, were hacked as the criminal withdrew the money from ATMs in Greece. Security experts and even police officers from the cyber squad frequently caution people to be careful with their credit and debit cards, as criminals manage to scan the data and clone them on to blank cards, which they later use to withdraw funds.

Hackers usually copy the magnetic code on the cards, which are then transferred to blank cards and used to withdraw cash.

Last month, seven persons were arrested in the US for being involved in a global ATM racket.

The gang managed to siphon off 45 million in a matter of hours from ATMs in 27 countries around the globe. However, these hackers had managed to siphon data from bank databases and individual accounts were not hacked into. Many banks in India have started issuing cards with built-in chips and doing away with magnetic strips, which can be easily copied. But most merchants in the country still do not have readers for the chips and have to scan the magnetic codes.

According to the National Crime Records Bureau, cyber crimes increased by a whopping nearly 60 per cent last year in India. Maharashtra topped the list with more than 560 cyber crimes reported in 2012 (as against less than 400 in 2011). Security experts here often advise consumers to keep an eye on their cards when they make payments, especially at restaurants and retail outlets. Some criminals, who take up jobs at these outlets as waiters or shop assistants, are known to wear scanners hidden inside their belts and quickly swipe the card when no one is watching to copy the data from the magnetic strip.


Khaleej Times

  MENA News Headlines
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help