Friday, 03 December 2021 08:30 GMT

Hacker transfers USD500,000 from US to firm in Dubai


(MENAFN) Dubai court heard that a hacker transferred Dh1.8mln from bank account of an American man to a financial services company in Dubai, to invest the money in stocks market.

Earlier in March 2013, the hacker accessed the bank account from Seattle and transferred Dh1.8mln in three installments to the company's bank account in Dubai before unidentified man managed to cash some of the profits.

After the American man noticed the hacking, he contacted the financial company in Dubai to reclaim the money but it refused.

However, the American's legal consultant, Hassan Elhaes filed case against the company in Dubai to force it to return the money back.

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