FIA arrests bank fraud suspect in Pindi

FIA states gangs came up with schemes to exploit online banking systems to facilitate fraudulent transactions

RAWALPINDI:

In a significant breakthrough, the Federal Investigation Agency (FIA) arrested a female member of a gang involved in online fraud, targeting citizens’ bank accounts.

The gang members defrauded numerous individuals of substantial amounts. According to FIA officials, the gang came
up with the scheme by exploiting vulnerabilities in online banking systems,facilitating unauthorized transfers from victims’ accounts to those controlled by the perpetrators. The arrested woman used to call the customers’ banks
via mobile phones and extract essential information to execute fraudulent transactions.

The agency’s ongoing investigation uncovered the gang’s activities, revealing that they have illicitly ob-
tained millions of rupees through their fraudulent practices. The arrested woman, shared crucial details with the agency, including her involvement in the withdrawal and transfer of Rs1,880,000 from a single
bank customer’s account.

Further revelations from the suspect highlighted the gang’s modus operandi, which relied on technological prowess and deceptive tactics. By utilising audio recordings resembling legitimate bank calls and employing various proxies,
the criminals impersonated bank representatives to fool victims.

After gaining access to a target’s account, the gang immediately transferred large sums to controlled accounts within a 48-hour window, evading detection.