Cyber Crime: Rangers Nab Group Involved in Hacking Bank Accounts in Karachi

Last week on Friday, 25^th November 2016, Pakistan Rangers Sindh apprehended a group of hackers from the Gulshan-i-Iqbal area of Karachi. This group of hackers was involved in various cybercrimes and allegedly facilitated the illegal supply of eight million euros and one million US dollars.

The Pakistan Rangers released a statement on that day which stated:

“This network was involved in doing ATM fraud, hacking of different bank accounts and making fake credit cards. So far they had transferred eight million euros and one million US dollars from the banks all over the world.”

As claimed by the Rangers, one 9mm pistol containing seven rounds was seized. One magnetic strap RW machine and 120 magnetic strap cards were also found in the possession of the suspects and seized.

The Rangers also said that the hacker group had more unfinished plans. One of which was a plan to transfer 7 million US dollars in the near future.

Who Were The Suspects and How They Were Doing It

Four suspects were apprehended by the authorities on that day. As claimed by a paramilitary force official, the suspects were identified as Mohammed Javed Khan, Salahuddin, Shahnawaz Husain Siddiqi and Syed Zulfiqar Ali Shah. They were detained by the law enforcement authorities.

The officials claimed that these group of people were allegedly running a network to aid and facilitate hackers.

In return for doing their jobs, they were receiving a huge amount of commission for the illegal transfer of money as a reward.

The officials further added “Suspects allegedly used magnetic strap RW machine to embezzle money with the help of fake cards.”

Via Dawn