Saturday, June 25, 2022
HomeHyderabadPasswords and bank IDs are not secure: Cyberabad police

Passwords and bank IDs are not secure: Cyberabad police

Earlier this week, the cybercrime branch of Cyberabad police arrested seven individuals who were stealing money from innocent bank accounts by preparing polymer fingerprints (rubber fingerprints). According to the information provided, the complainant took over the franchise from Roinet Solutions Pvt Ltd when he white lacked the original name of the franchise and white-labelled it as “Epoint India”. Aadhar cards, PAN cards, and bank passbook copies were required to appoint business correspondent agents.

AEPS (Aadhar-enabled payment system) can be used by agents to provide mini banks to the needy clients of all banks. Through their “Epoint India” app, the complainant’s company provided the agents with user IDs and passwords to handle bill payments, cash withdrawals, and transfers.

ALSO READ: Cyberabad police to book parents of minors caught driving

AEPS license was requested to provide service to customers by the accused on 04-05-2022. He was given a user ID and password after the complainant verified his KYC documents. On May 5, the accused started making transactions. Roinet Solutions notified the complainant later that this agent had fraudulently withdrawn funds from (149) bank customers by cloning their fingerprints without their knowledge. In total, Rs. 14,64,679 was transferred to nine bank accounts. Additionally, the fraudsters had extensive experience in banking, lands, and registration.

Their goal was to download land registration documents from the IGRS portal of Andhra Pradesh by exploiting vulnerabilities in the portal. In addition to collecting names and Aadhaar numbers, they also collected fingerprints. They used a chemical of heat to prepare rubber fingerprints of those fingerprints.

AEPS applications, also known as mini-ATMs, are used by fraudsters after they prepare their fingerprints. To find out the linked bank accounts and the balance in those accounts, we used the Easy Pay application. Using polymer fingerprints, the E-Point India application was used to withdraw the funds.

In addition to Nallagalla Venkateshwarlu, Meghavath Shanker Naik, Ratham Srinivas, Darshanam Samelu, Challa Manikanta, Sheik Khasim Vali, and Vishwanathula Anil Kumar, they acted as agents in these investigations. One car, 121 SIM cards, 20 mobiles, 1 PAN card, four biometric fingerprint scanners, 3 pen drives (with land documents downloaded), 4 kg of colour photopolymer orange liquid gel, and 10 sheets of negative fingerprint copies were seized by officers.

 

 

 

 

 

 

 

(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the text’s dependability, trustworthiness, reliability, and data. Raavi Media management/ythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)