January 28, 2023

The police in India has arrested two Nigerian men for allegedly phishing attacks and breaking into a cooperative bank network in Tamil Nadu state.

The suspects identified as Augustine, 40, and Ekene Godwin, 30, also allegedly targeted a bank in Gujarat from which they swindled 10 lakh.

In Tamil Nadu, they used a cyber tool called Key Logger and broke into the cooperative bank network, whereas in Gujarat they used a tool named Sweet-32, Times Of India reports.

Usually, banks do not connect their core system to the internet so as to stay away from spyware and cyber-attacks. In this particular case, Augustine sent phishing mail to the bank officials. Soon after they clicked on the link, the embedded software Key Logger and NG Rok got downloaded and entered into the system without alerting the bank officials on November 18.

On November 2022, the gang accessed three accounts, made 32 transactions and took away ₹2.5 crore. On being alerted by bank officials, cybercrime personnel swung into action and managed to retrieve ₹1.5 crore.

However, ₹1 crore had already been transferred to accounts in Nigeria-based Zenith Bank and Bank of Nigeria.

The team of cybercrime personnel then rushed to Uttam Nagar in New Delhi, and camped there for a few days before making the arrests.

The fraudsters also managed to buy cryptocurrencies using stolen money.

[ALSO READ….]>>>> https://insidelife247.com/2023/01/nigeria-may-have-been-wiped-off-by-now-if-not-for-buhari-femi-adesina/



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