Wednesday, September 14, 2011

Internet Banking Scam

A syndicate believed to have stolen about RM250,000 from 12 victims via an Internet phishing and SIM card hijacking scam with the arrest of seven people by PDRM.

Those arrested included three foreign men – the mastermind from Sierra Leone and two others from Jordan and Pakistan – as well as a local man and three women.

Method:
1. Go to an Internet banking kiosk and upload a software that recorded the usernames and passwords of those using it.

2. They will come back a few hours later and download the data into a USB drive

3. With such personal information, would then go to telecommunication companies, posing as the victims’ friends, family members or as the victims themselves and claim to need a replacement SIM card after having lost their mobile phones.

Syndicate members would even produce forged documents to support their claims such as fake police reports, identity cards and authorisation letters.

4. With the SIM card, the syndicate would then be able to get the Transaction Authorisation Code which allows them to transfer funds into their own accounts.

The syndicate members were arrested in separate raids at a luxury condominium in Section 14, Petaling Jaya, and other surrounding areas on Saturday and Monday.

They also seized several computers, bank account books, laptops, USB drives, fake MyKads, forged police reports, router, credit cards and other documents.

All those arrested, aged between 20 and 27, have been remanded until today.

MOre info:
http://www.thestar.com.my/news/story.asp?file=/2011/9/15/nation/9502438&sec=nation