Cybercriminals hacked the Gmail account of a Dubai based Indian expatriate Anil Abraham and used the account to convince bank to transfer $15,000 from his bank account in India.

When Anil contacted the Bank, he was told by the Branch Manager that the Money was transferred at his request only via email. The cybercriminals are reportedly send a signed document with the email to trick the Bank into transfer the money.

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According to Emirates247 report, the money was transferred to someone named Garry Albert Frazer to Westpac bank account in New Zealand.

Anil said whoever hacked into his email id had managed to steal fianancial information and managed to use those info to write email to Bank with forged signature.

I'm still wondering how bank allowed the cyber criminal to steal the money, they usually don't allow us to transfer money via email accounts without any personal verification. As far as i know, Bank always careful when it comes to big amount of transfer - $15,000(nearly 90,0000 Rupees).

Source: http://www.ehackingnews.com/2013/07/hackers-convince-bank-to-send-15000.html

What ! That will be the worse bank I ever heard, so no further verification like phone call, hardware token, sms etc. I will advice folks (in India) having account with that bank to suspend their accounts, cos I think the bank doesn't have proper, tighter, high bank transfer policy/ethics etc.

I pity the guy, else he has to study their transfer policy and if violated should sue them and claim serious damages.

By the way, I will like to know which Bank is this ? any clue.

Cyborg2011:
By the way, I will like to know which Bank is this ? any clue.

Umukoro Community Development Bank (UCDB)

the best hacker so far is robertyoung153@yahoo.com.... he is the best hacker, he can transfer money into your account... Any country you want. Even western union money transfer too...