Cyber Crime Police, Cyberabad busted a gang of fraudsters involved in stealing confidential bank data and cheating credit card holders. This gang was operating from Delhi, collecting the confidential credit card customer data from the banks. They would get it either from executives working for the concerned banks or from employees working in Companies to whom banks had outsourced the work of field verification of customers who were applying for credit cards or outsourced the work of customer care. Using this data, the fraudsters would contact the card holders pretending as the customer care executives of bank and cheat them under the pretence of activating card, renewal, redeeming card points etc. They are using No broker, Magic bricks, Housing.com sites to transfer money from credit cards to mule bank accounts.
The Cyber Crime P.S Cyberabad has registered a case under Cr. No.237/2023 U/s 419, 420, 120 (B) IPC & Sec. 43, 66, 66-B, 66-C, & 66-D of IT Act registered at Cyber Crime P.S Cyberabad.
The arrested gang members A1-A4 are found to have collected the credit card data of Bank of Baroda and State Bank of India from the executivesA6 and his associates (A5, A9 & A10)working for bank and few open sources on Internet respectively.A1 established a call centre in Delhi and his associates A2-A4 dupe the credit card holders as Bank executives and cheats them underthe guise of card activation etc. and transfers cheated amount to mule accounts through No-broker, Magic Bricks, Housing.com platforms.From the platforms money will be routed to mule bank accounts which are acquired by A1 from A7. The Accused A5 works for a Company to whom Bank shares customer data and has outsourced the work of customer care and card activation. A5 secretly captures the credit card holders credential information on his phone and shares with the fraudsters. The accused A6, A9 & A10 also works as third party agents for the reputed banks and NBFC (Non-Banking Financial companies) and they are assigned to do field verification of the customer data sent to them by the Bank. Instead they collect the valuable customer information and sell it to fraudsters. The Accused A7 procures Mule bank accounts and makes withdrawals for A1 when cheated amount is credited to them.
