Indian authorities nabbed a Group of Cybercriminals in the state of Madhya Pradesh (MP). The cybercriminals were trading and exploiting bank details and credit cards information of bank account holders from India.

 

A gang of Pakistani and Indian nationals nabbed in Madhya Pradesh. The gang was dealing on the dark web for credit card details including CVV.

Credit Cards Fraud

Modus Operandi for hacking credit cards

The gang used the card details for various purchases and foreign trips throughout the world. The criminals use websites where OTP is not required. Lack of 2 Step Authentication caused the victims lose their money.  Since all were using Bitcoins on the dark web it the was already difficult for police to trace them.

How was the cover blown?

Apparently, State Police of the Indian State Madhya Pradesh received a tip. The said tip led them to a circuit of cybercriminals that were selling Credit Card Details in exchange of the Bitcoins. Police went undercover as a customer to buy credit card details. Police uncovered that a gang led by a Pakistani National “Shaikh Afzal” is behind the whole operation, with the base of operations in Lahore.

The rate of a bank credit card for Indian national is available for as low as INR 500, there are also bank details for US and UK nationals with higher price bracket. Shaikh Afzal is in Uzbekistan and his gang members were arrested from Mumbai.

SEE ALSO
5 AMAZING AND NEEDED FACEBOOK TRICKS 2017

 

A similar operation was busted in the UK last year

Scotland Yard did a bust on a similar operation in the year 2016. Bank details of nearly a hundred thousand Britons were available online for sale. These details included bank details, personal information, mother’s maiden name, date of birth, etc. The nature of the information was both personal and professional indicating a mining operation of large scale. The cost of such information per person ranged from GBP 100 to 1500.

The only dissimilarity is that the operation was carried out on public website Bestvalid.cc, not on the Dark Web. The website was also selling answers to questions like First Car, First Job, First School, Best friend’s name etc.

Protect Your bank account and credit cards

What can you do to protect your bank account and credit cards from getting hacked? Follow these guidelines in order to protect yourself from online fraud. 

  1. Do not save your card details online, ever.
  2. Never use your card/bank account on open Wi-Fi.
  3. DO NOT share your personal/financial information with anyone.
  4. Never share your password.
  5. DO NOT give your card details to the person on a phone, no matter how legitimate or legal they sound.
  6. Check your bank account on regular basis to track your expenses.
  7. Block your cards when your card gets stolen or gets compromised.
  8. Never use your cards/bank account on a shared computer.
  9. Save hotline number to your bank in your phone.
  10. Never keep your passwords on a written slip or a file.
  11. Do not click on spam emails.
  12. Buy from HTTPS-secured sites only an example of unsecured connectionNON HTTPS Unsecured connection for credit cards HTTPS Unsecured connection – Not good for using credit cards

and here is a secure website 

HTTPS Secure website for credit cards access
HTTPS Secure website for credit cards access

If you like this article do share it with friends and family, subscribe to our website and stay secure online.

 

You might also like

China blocks WhatsApp, VPNs & Cryptocurrencies while WeChat agreed to share personal data.

CHINA HAS BEEN BLOCKING SOCIAL MEDIA SERVICES AND NEWS SINCE AGES. TO ADD TO THEIR PILE OF CENSORSHIP CHINA HAS BLOCKED WHATSAPP. THE NEWS FIRST BROKE BY THE NY TIMES*. AFTER CRACKDOWN ON CRYPTOCURRENCIES, CHINA BLOCKS WHATSAPP. CHINA HAS BEEN CENSORING THE SOCIAL MEDIA FOR CONTROLLING THE CONTENT THAT MAY GO AGAINST COMMUNIST PARTY AND THEIR LEADERS.

Load More Related Articles
Load More By Sushant Bhargav
Load More In Tech News

One Comment

  1. Hridesh

    October 19, 2017 at 4:33 pm

    Now it’s dangerous to use even a wi-fi????

Check Also

OnePlus 5T Launched with Larger Screen

OnePlus has launched OnePlus 5T smartphone yesterday with some of the heart taking feature…