Vol. 100 - October 08, 2013      

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Latest News:
Cyber Heists- Forever Here?

Some time back, AGM of UCO bank lodged a complaint stating that about Rs 75,000 was illegally transferred to some other account. Recently, a doctor fell prey to phishing scam, and lost Rs 1.4 lakh. Cybercriminals had siphoned off Rs. 1.4 lakh from four bank accounts of a physiotherapist after tricking him into revealing his bank and personal details through a phishing mail. And just few days back, the RPG Group of companies became the latest victim of online banking fraud when cyber criminals hacked into the firm's Mumbai-based current account and siphoned off Rs. 2.41 crore in three hours. In total, 13 RTGS were issued to siphon off Rs 2.4 cr.

Such news has made the headlines in the past and undoubtedly, will continue in future too. Before we go into the details of the perpetrated crime, let us understand some basics which are related to online banking.

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