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E-Commerce and E-Business

3. Hacking: Externally accessible systems are hacking targets. Hackers can spoil Web sites and steal
valuable data from systems resulting in a significant loss of revenue. Hackers often hide the
identity of computers that are used to carry out an attack by falsifying the source address of the
network communication. This makes it more difficult to identify the sources of attack and
sometimes shifts attention to innocent third parties.

Hi­Tech Cybercrimes

Case Study
T his case study is about potential threats of using net banking. A person’s bank account

was hacked. The amount that was lost was Rs. 3,00,000.

Fact in Net Banking
Individuals, who want to transfer money from their account to another account, will have to add the
recipient in their net banking profile as a third party beneficiary. During this transaction, the bank
sends a Unique Reference Number (URN) to their registered mobile number. Sachin who had
registered personally and had access to net banking did not update the registered mobile number
with his bank when he was transferred to another state. He had assumed that his bank account could
not be hacked and that he would receive the URN for all transactions.
But Sachin’s account was hacked from Nigeria on three different dates. The hackers were successful
as they adopted the following methods:
1. The hackers collected Sachin’s user name and password by using a phishing page or a remote
key logger.
2. They learnt Sachin’s details including his mobile number.

3. They learnt from their Indian agent the details of the mobile subscriber. The hackers then
registered a case of mobile theft and deactivated the number which was in the other state. The
mobile service provider re-issued the same number with a different Electronic Serial Number
(ESN).
4. Then they added five accounts as third party beneficiary accounts. The culprits got the URN in
their mobile and transferred the amount to those five accounts.
Question:

1. What were the methods adopted by the hackers to transfer money from Sachin’s account?
Source: http://urproblemmysolution.blogspot.com

Find out the different mechanisms used by attackers to hack Web sites.

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