Five arrested in $45 mn global `cyber heist`

Five people have been arrested for conducting a global "cyber heist" of 45 million dollars by overriding the cash withdrawal limits of pre-paid debit cards, U.S. officials said.

ANI| Last Updated: Nov 19, 2013, 21:08 PM IST

Johannesburg: Five people have been arrested for conducting a global "cyber heist" of 45 million dollars by overriding the cash withdrawal limits of pre-paid debit cards, U.S. officials said.

The U.S. Justice Department said that those arrested were said to be members of the New York cell of an international cybercrime organization.
The organization used sophisticated intrusion techniques to hack into the systems of financial institutions, steal pre-paid debit card data, and make fraudulent ATM withdrawals on a global scale, the report added.
Officials said the cyber-ring managed to steal 45 million dollars in late 2012 and early 2013 by manipulating the limits of prepaid debit cards from Abu Dhabi-based National Bank of Ras Al-Khaimah and Bank Muscat of Oman.

The arrested cyber robbers have been identified as Anthony Diaz, Saul Franjul, Saul Genao, Jaindhi Polanco and Jose Angeley Valerio.