Phishers shop, pay bills with stolen card data

Sunil Pradhan
Sunday, 11 February 2018

Loopholes in tracking mobile wallets, online shopping exploited by fraudsters.

Pune: On January 29, a naval officer from DIT Khadakwasla was shocked to see that his bank account details were used by unidentified persons for shopping from a United Kingdom-based website. He approached the Haveli police and lodged a case of cyber crime.

In another recent incident, 37-year-old Vidya Damle lost Rs 35,000 from her account after a fraudster phished Vidya’s bank details on the pretext of providing her a new ATM card. A case of cyber crime was lodged at Sahakar Nagar police station and the police said the fraudster had transferred the amount to another bank account. 

Cyber experts and police officials said such incidents have increased in the past few years as once the bank details of a person are phished by fraudsters, they can be used in any part of the world. The officials of the Cyber Crime Cell said that after phishing bank details, fraudsters transfer money from the victim’s account to other bank accounts and then withdraw the same from ATM machines. 

“In some cases, fraudsters use the details for online shopping and for transferring money to mobile wallets. The phished data is also used to pay mobile and electricity bills,” said a police officials from the Cyber Crime Cell.

Assistant Police Inspector Mahesh Chavan of Pune rural police’s Cyber Cell said fraudsters, after using the stolen bank details for online shopping, order the products to a fake address or collect the parcel in person. “The fraudsters would never give a real address. Similarly, once the product is delivered, they sell it to another person, making it difficult to track the product or the person,” added Chavan.

Cyber expert Anil Raj of Cybervault Securities Solutions Private Limited said tracking mobile wallets and details of a person in online shopping is very difficult. “There are loopholes which fraudsters exploit,” added Raj. 

A senior IPS officer said they have communicated to banks and mobile phone companies for strict implementation of KYC documents, but this remains a challenge. “Many a times, we have tracked the beneficiary account in fraud cases, but the person is unaware of the account and such fraudulent transactions,” added a police official. 

Year    Cyber crime  complaints     
2015    550
2016    2,079
2017    5,741

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