Victim became aware of the crime only after receiving an SMS from the bank
Victim became aware of the crime only after receiving an SMS from the bank
If you are changing your password or activating your new online banking facility then it's possible that someone is watching your every move.u00a0 On October 18, Delhi-based V Raghavendran was shocked on receiving an SMS from his bank which mentioned that he had transferred an amount of Rs 1,32,000 from his account. 
Raghavendran immediately rushed to the bank since he had no idea about the transaction. There he was informed that someone had used his password and username to transfer the amount.
Raghavendran has a Current Account (no: 53705019637) with Standard Chartered Bank. "It was at 4:45 pm on October 18 when I got the SMS from the bank that the amount of Rs 1,32,000 had been withdrawn from my account. The transaction had been made much earlier at around 1:18 pm. I immediately rushed to the bank and presented my case," said Raghvendran Realising that this was a case of cyber crime he immediately made a PCR call. Then the victim, along with a bank official, went to the Saraswati Vihar police station and filed a written complaint.
u00a0According to Standard Chartered Bank, Netaji Subhash Place, Pitampura, the amount has been transferred to another account in the same bank in Mumbai. The fraud investigating team from the bank is also probing the matter, while police are waiting for the bank to provide details of the transaction.
u00a0"The bank is responsible for this as someone misused my account and took away my hard-earned money. This clearly shows that the security level (encryption level) of user identity and passwords are very low. I have been doing Internet banking for long but I had not activated my third party transfer facility.
It was only a week ago that I got it activated to transfer funds to a relative and within a few days the details were compromised. It is quite possible that bank officials are involved in the matter," said Raghavendran.
| Net loss |
| With cyber criminals adopting newer ways of attacking consumers and corporates via social networking sites, security solutions need to evolve from just providing antivirus protection, software maker Symantec said recently. According to a study, in 2009 Indian enterprises lost Rs 58 lakh due to cyber attacks. This is set to increase further if companies do not take appropriate measures to protect themselves from various threats that lead to not just financial setbacks but also loss of crucial data. Cyber criminals are using various means such as social networking and posting malicious links in instant messengers (IMs) along with spam mails. With the increasing popularity of social networking sites, Symantec expects frauds against site users to grow as well. |
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