Data breaches on the way up - online banking system hacked in Kazakhstan

Thursday 30 January 2014 10:55 CET | News

The online banking system has been hacked in Kazakhstan, online media outlet Tengrinews reports.

According to the source, the hackers have stolen more than USD 1.9 million. They have implanted malware into their victims computers by sending emails disguised as mail from Kazakhstan tax authorities to companies based in Astana, Almaty and other large cities of Kazakhstan. They were mostly targeting accountants of different companies who had access to online transactions. To cash out the money stolen from the accounts, the hackers forged IDs and used frontmen to open bank accounts in various banks in Kazakhstan. Then they made money transfers to these accounts using hacked passwords and cashed them out.

The hackers have already been arrested by the ‘K’ Department of the Criminal Police Committee in a joint operation with the police of Akmola, Kostanay, East Kazakhstan, Karaganda and Atyrau Oblasts.

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Keywords: data breaches, online banking, online fraud, Kazakhstan
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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