UAE businesses on alert after Dh1m cyber heist

[InfoSec News <alerts () infosecnews org>]

http://www.emirates247.com/news/emirates/uae-businesses-on-alert-after-dh1m-cyber-heist-2013-09-15-1.521053

By Mohammed El Sadafy
Emirates247.com
September 15, 2013

Abu Dhabi Police has issued a warning to companies in the UAE following a 
spate of cyber-attacks by international hackers.

Two recent cyber heists involving about Dh1million have left business wary 
because hackers are found to intercept communications of business deals 
that take place between local buyers and foreign suppliers to target 
funds.

Colonel Dr Rashid Mohammed Bourshid , Director, Criminal Investigation 
Department, said there are instances where hackers pose as suppliers and 
contact local businesses via email. And after taking them into confidence 
they begin siphoning of funds by asking these firms to transfer money to 
their bank accounts.

One such fraudulent activity involved a restaurant, where the owner was 
cheated of $150,000 [Dh550,958]. The hacker gang contacted the owner via 
email and after learning that he was interested in buying a restaurant in 
Europe, they set into action. They made him transfer the amount in two 
installments.

Another incident involved a firm selling construction materials. An 
international hacking gang established contact with the owner of the firm 
and siphoned off $100,000 to East Asia. In this case, the hackers even 
forged the signature of the company owner and gained a power of attorney.

[...]



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