Four Nigerian students arrested for allegedly hacking banks in Philippines

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Philippines’ National Bureau of Investigation (NBI) has arrested four Nigerian in Municipal City for alleged involvement in the hacking stealing of funds from banks. NBI Cybercrime Division chief Vic Lorenzo said the Nigerians were part of an international syndicate who hack banking systems, taking advantage of the flaws in their systems. The NBI said the […]

Philippines’ National Bureau of Investigation has arrested four Nigerian in Municipal City for alleged involvement in the hacking stealing of funds from banks.

The NBI said the Nigerians violated the Access Device Law, Anti-Cyber-crime law and falsification of public documents. “The international syndicate is complicated.. to the point that they study the system’s flaws. Once they see a weakness, they will take advantage of that,” Lorenzo said.

Source: Financial Digest (financialdigest.net)

 

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