‘Fraud­sters de­posit money in In­dian banks’

Hindustan Times ST (Mumbai) - - HTMETRO - Jayprakash S Naidu

MUM­BAI: The Mum­bai cy­ber po­lice said a new trend has been ob­served over the past few years in man-in-the-mid­dle (MITM) at­tacks — the cheated money is be­ing de­posited in In­dian bank ac­counts, un­like in the past when the money was de­posited in bank ac­counts abroad.

A cy­ber po­lice of­fi­cial said, “Prior to 2017, the money stolen by fraud­sters in MITM at­tacks was get­ting de­posited in for­eign bank ac­counts. As per our records, prior to 2017, sev­eral crores of money in MITM at­tacks has been de­posited in bank ac­counts in Poland, Hun­gary, Por­tu­gal, Dubai, China and Malaysia.“

The of­fi­cial added that post 2016 af­ter com­pa­nies be­gan to smell foul play upon see­ing bank ac­counts be­ing opened in coun­tries in which they did not op­er­ate, the at­tack­ers started team­ing up with In­dian na­tion­als. A cy­ber po­lice of­fi­cial said, “Most MITM cases in 2017 and 2018 have been reg­is­tered at the po­lice sta­tion level.” Ear­lier, all cy­ber­crime com­plaints used to be reg­is­tered with the cy­ber po­lice. How­ever, now each po­lice sta­tion in the city has its own cy­ber cell, which reg­is­ters rel­a­tively mi­nor com­plaints, in terms of the money in­volved. Of­fi­cials­saidthe­p­o­lice sta­tions do not main­tain sta­tis­tics of MITM at­tacks.

Cy­ber ad­vo­cate Vicky Shah said, “I have come across mul­ti­ple cases where cy­ber crim­i­nals are op­er­at­ing from other coun­tries and are team­ing up with lo­cal fraud­sters and vice-versa. This is a new trend. A lot of times dur­ing in­ves­ti­ga­tions the IP ad­dresses are of other coun­tries but one can­not say for sure if they are op­er­at­ing from the same coun­try or not.”

Cy­ber­crime in­ves­ti­ga­tor Ritesh Bha­tia said, “It’s also im­por­tant that all com­pa­nies hold cy­ber­se­cu­rity au­dits and aware­ness pro­grammes at reg­u­lar in­ter­vals.”

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