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Two Young Germans Arrested In Online Banking Fraud

According to reports obtained from Pattayadailynews.com published on August 9, 2010, Pattaya, Thailand's Crime Suppression Division Police detained Dave Ackermann (23) and Dominik Iacono (22) following investigations that indicated that they allegedly participated in a banking fraud on the Internet.

The duo seemingly employed different keylogging trojans for the theft of online banking credentials as well as for moving the funds.

Reportedly, they hacked into a bank account, over the Internet, whose owner was a Chulachomklao Royal Military Academy (Thailand) lecturer Colonel Khatthiyaporn Kamart. The hack was committed on August 1, 2010 following which the men moved funds out of the hijacked account to 3 Thai women's bank accounts after hiring those females for conspiring with the suspects.

In a report to police, Col. Kamart told that the theft amounted to about Bt700,000 (USD 21,000). Subsequent investigations had authorities track for the cash thus discovering that the two suspects had taken it out from a Pattaya ATM.

In addition, it was also discovered that Ackermann and Iacono had carried out similar offences many times from 2010 beginning. With that they had stolen over Bt100m (USD 3.1m) out of gullible end-users' accounts. And in each of those cases, they employed the same hacking methods as in Col. Kamart's case.

The offenders, who currently admit that they committed the crimes, however, said that they'd done everything in keeping with one nameless Russian resident's orders.

Furthermore, reports obtained from Earth Times published on August 9, 2010 reveal that Acting Commissioner, Suphisarn of Pattaya's Crime Suppression Department stated that the duo understandably played a minor role while being part of a globally spread Internet thieves' gang that operated from Russia to invade online banking accounts across Thailand.

Remarking about the problem, a Bangkok Bank officer stated that it was getting dangerous to transact online. He therefore suggested that online users must avoid accessing their bank accounts on the Internet that might have big deposits. MCOT online news published this on August 9, 2010.

Furthermore, banks too recommended that customers should remain watchful while banking online as well as necessarily maintain up-to-date anti-malware programs on their PCs.

Related article: THE SPAM MAFIA

» SPAMfighter News - 8/17/2010

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