Credit card fraud: Rs 2.5 lakh lack to account, accused absconding

  • Gurpreet Singh Chhina, Hindustan Times, Chandigarh
  • Updated: Aug 12, 2015 23:34 IST

The cyber crime cell of UT police on Wednesday said it had managed to reverse `2.5 lakh back into a credit card holder's account, more than a month after being transacted by fraudsters.
The police, however, have yet to nab the accused.

An engineer, Sudhir Singh Punia, resident of Sector 44, had lodged a complaint on June 28 that the money was transferred from his ICICI credit card to a bank account.

He said he got an SMS on his mobile and that he immediately rang up the bank's customer care to learn that money had been transferred.

Punia said he had also got calls from unknown persons who insisted that he switch off his mobile phone for sometime. He said he did not do so and later received the transaction alert at about 2 am.
Cyber cell officials said after thorough investigation, they had identified some suspects, but were verifying the details before nabbing them.

How the case was cracked

After registering the FIR, cyber crime cell with the help of cyber expert Manpreet Singh, zonal legal head of ICICI Bank, tracked the flow of funds across gateways of two private banks to reach the secondary beneficiary in Noida.

They learnt that the money was transferred from one bank to another and the money was still lying in the same account and was transferred back into the complainant's account.

How fraud transaction are done

Manpreet Singh said the fraud credit card transfers were prevalent these days and that fraudsters first try to hack emails and procure the details of the victims.

Then the fraudsters get a dummy sim card of the mobile phone on which a one-time password (OTP) for a transaction to be made is received.

How to prevent fraud

Don't reply to or entertain emails from unknown sources. A simple click can contaminate your system
Don't entertain callers who act as representatives of service providers/banks as they are trying to obtain your personal information

Register your mobile number with your account.

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