14 DAY TRIAL // Hackers are suspected of compromising a number of 25-30 Axis Bank accounts. 14 of them are salary accounts of police officers in Mumbai, India.
The money from the compromised bank accounts has been withdrawn in Euros at ATMs in Greece. Authorities believe that hackers somehow stole the victims’ financial information and used it to clone their credit cards, NDTV reports.
Axis Bank is investigating the issue, while the Mumbai police will probably file a First Information Report.
Of course, the fact that the money was withdrawn from ATMs in Greece doesn’t necessarily mean that the hackers are based in the country. It simply means that the money mules are.
Money mules usually wire the crime proceeds to the scheme’s mastermind. This way, the crooks make sure that the money is clean and it’s more difficult for authorities to track them down.