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Bank hackers' gang busted, 12 arrested

Bank hackers' gang busted, 12 arrested

The group had illegally transferred funds to the tune of Rs seven lakh.

Bangalore: Karnataka police's cybercrime wing has arrested a 12-member gang involved in various cases of hacking on-line bank accounts and transferring funds amounting to several lakhs of rupees.

The police succeeded in unearthing the fraud when they arrested the mastermind, Joseph, from a city cyber-cafe, which he had been frequenting, on the basis of a complaint from Carl Braganza, HR Manager of Analog Infotech India Ltd.

Braganza had stated that he had been defrauded to the tune of Rs 1.27 lakh by some unidentified hackers, according to a release from CoD (Corps of Detectives), Economic Offences.

Joseph, a diploma holder in computer science, who hails from Virudhunagar district in Tamil Nadu, used to hack into accounts of people using "key logger" software.

From the available e-mail accounts of Joseph, more than 100 bank account numbers, passwords and other details of individuals have been obtained.

HDFC Bank, Citi Bank, Axis Bank and ICICI Banks have confirmed the authenticity of about 70 existing accounts and passwords gathered by CoD officers from Jospehs's e-mail accounts.

Investigation revealed that out of 70 accounts, 17 have already been successfully hacked by Joseph with the help of his associates. Police have succeeded in solving seven cases out of the 17, involving illegal transfer of funds to the tune of Rs seven lakh and further investigation is on.

first published:December 15, 2007, 19:10 IST