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Cyber criminals are opening up new avenues of fraud and are harassing online merchants. They are diverting the money they have stolen from victims to e-commerce and travel agent sites to buy the goods and plane tickets they want. When the police investigate the account from which the money deposited by the victims was transferred to, the destination account is that of someone who regularly does business.
- Online purchases from fraudulent accounts
- Investigative agencies are freezing linked accounts
- Cyber threats are making both ordinary people and
Hyderabad, January 17 (Pressmediaofindia): Cyber criminals are opening a new avenue of fraud and are harassing online merchants. They are diverting the money they have stolen from the victims to e-commerce and travel agent sites and buying the goods and plane tickets they want. When the police investigate the account from which the money deposited by the victims was transferred, the destination account is that of someone who does regular business. Since the main bank accounts of cyber criminals are linked to the accounts of the respective merchants, the accounts of merchants in layers two, three and four are also being frozen. In this way, cyber criminals are also harassing online merchants. The police are saying that they have frozen the bank accounts because they are linked, that it is stolen property, and that you will be responsible as long as there is money related to the crime in your account. There are incidents where some merchants are going around the police station claiming that they were unaware of the incident, that they will give the victim the amount that was deposited in their account, and that they want their accounts to be frozen.
Online sites are the key…!
Cybercriminals are targeting sites that run online businesses such as e-commerce, travel agencies, etc. In various cybercrimes, victims deposit money in bank accounts indicated by cybercriminals and transfer money to those accounts. In this way, the money that is deposited in the first account is divided and transferred to other accounts. In the process of transferring this money, bulk flight tickets required by their teams and payments in lakhs during wholesale purchases in e-commerce are transferred to those criminal accounts. However, for e-commerce merchants, it does not matter whether it is stolen money or not. They are busy with their work of delivering the goods in return for the money transferred to their account. By implementing some security checks here, it is possible to identify the suspicious bank accounts linked to the cybercriminals’ accounts.
Challenge to e-commerce websites
Cyber criminals are challenging e-commerce and travel agency websites. With all transactions happening online, it is becoming difficult to determine whether the bank account used by the buyer is real or a fraud. Cyber experts say that this will force the respective organizations to establish more security and customer verification options in online purchasing transactions. While cyber criminals are falling into the trap and ordinary people are becoming victims, merchants are also becoming victims in some cases (PMI)
