Cyber security expert suspects inside job

[InfoSec News <alerts () infosecnews org>]

http://www.indianexpress.com/news/cyber-security-expert-suspects-inside-job/1186908/

Express News Service
Oct 25 2013

A cyber security expert representing the victim of a Rs16.7-lakh fraud 
believes the transaction could be the work of an insider. He also claimed 
the fraudsters may have used a masking process on their Internet 
Protocol(IP) address to make it appear that the transaction was conducted 
from Nigeria and the UK.

In May, Rs 16.7 lakh was allegedly siphoned off from the bank account of a 
Juhu-based businessman in six real-time transactions. A probe revealed 
that the fraudsters hacked into the Know Your Customer (KYC) data of the 
bank and replaced the complainant's cellphone number so that he wouldn't 
receive alerts about the transactions.

A complaint was lodged with Juhu police on May 7 by Ashish Goradia, 32, 
owner of Raatronics, a firm that makes computer resistors. He has held an 
account at a nationalised bank in Juhu for the past four years. Goradia's 
complaint was lodged with state IT Department Secretary Rajesh Aggarwal, 
who is also the adjudicating officer. "In around two months, the 
complainant will be notified when the trial is to begin," said Aggarwal.

He approached Prashant Mali, a lawyer who specialises in cyber crime 
cases. "KYC details cannot have been accessed by someone outside. It 
appears to be the handiwork of an insider," Mali said.

[...]



--
Find the best InfoSec talent without breaking your
recruiting budget! Post a Job, $99 for 31 days.
Hot InfoSec Jobs - http://www.hotinfosecjobs.com/