Chinese hacker flees to Malaysia with loot from 21 bank accounts

Singapore, July 04: A Chinese hacker broke into the Singapore computers of 21 internet banking customers and fled to Malaysia with their money, a newspaper reported today.

Singapore, July 04: A Chinese hacker broke into the Singapore
computers of 21 internet banking customers and fled to Malaysia with
their money, a newspaper reported today.

DBS bank, Singapore's largest, said the 30-year-old man made off
with 62,000 Singapore dollars (37,000 US Dollars) June 19 without
breaching or triggering the institution's internet defences, the
straits times reported.

“ Investigations so far showed the bank's computer security systems
were not breached, and the hacking was not carried out by one of the
bank's employees,” said Ng Peng Khian, head of corporate security.

Instead, it was likely the culprit hacked into the victims'
computers, obtaining their user-identification codes and passwords
to access their online accounts.

''He started at 8:19 am. And managed to penetrate the accounts
of 21 bank customers,'' Ng was quoted as saying. ''He stopped at
9:20 am.''

From each account, he took 200 Singapore dollars to 4,999
Singapore dollars, the maximum transfer limit allowed.

“ Within the next hour, he turned up at another branch, withdrew
the 62,000 Singapore dollars and then fled to Malaysia,” Ng said.

DBS was alerted to the missing funds when the first victim called
that afternoon and subsequently traced the movement of the funds.

The bank, which has 370,000 internet customers, refunded all 21
account-holders, but cautioned future victims might not be as
fortunate.

The bank has urged customers to keep passwords confidential,
check accounts regularly, delete history files, avoid storing user
names and pin numbers in browsers and install the latest
virus-detection software.

Bureau Report

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