Recently, the Bengaluru police arrested a gang of seven for hacking bank accounts and mobile wallets, having stolen lakhs from gullible account holders. The gang had hacked Axis Bank’s mobile wallet app, LIME, and State Bank of India’s Buddy app. A deputy manager at the former was among those arrested, being charged with having passed on customer information.
By presenting fake documents of bank customers, the accused obtained duplicate SIM cards of mobile numbers registered with the bank. Once they had access to the number, the money was transferred using mobile banking to different mobile wallets and then withdrawn from ATMs. For the full article click here
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