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Club Mate Blog of Friday, 13 January 2023

Source: Club Mate

Two alleged sakawa big boys arrested in India for hacking into a bank network and stealing funds

Two Nigerians were caught after they broke into a bank network in India and stole money.

Two Nigerians, Augustine, age 40, and Ekene Godwin, age 37, have been arrested for breaking into a bank network in India and using phishing attacks.

They were caught because of an attack on a Tamil Nadu cooperative bank that used phishing. It was also found out that they had gone after a bank in Gujarat and stolen 10 lakh from it.

Times of India says that in Tamil Nadu, they used a tool called Key Logger to break into the cooperative bank network. In Gujarat, they used a tool called Sweet-32.

The cybercrime officers in Chennai who are asking about the men who were arrested have told their counterparts in Gujarat, and the officers in Gujarat have started taking action on the complaint.

The cybercrime police want to hold the two to find out more about how they do what they do.

As of right now, a magistrate court has remanded them to the care of the courts.

Banks usually don't connect their core systems to the internet to avoid spyware and cyber-attacks. In this case, Augustine sent phishing emails to people who worked at the bank. On November 18, as soon as they clicked on the link, the embedded software Key Logger and NG Rok were downloaded and put into the system without anyone from the bank knowing.

In November 2022, the group broke into three accounts, made 32 transactions, and stole 2.5 crore. When bank employees told cybercrime staff, they moved quickly and were able to get back 1.5 crore.

But 1 million had already been sent to accounts at Zenith Bank and Bank of Nigeria, both in Nigeria.

The cybercrime team then went to New Delhi's Uttam Nagar and camped there for a few days before making the arrests.

Fraudsters were also able to use stolen money to buy cryptocurrencies.
There are still investigations going on.