The National Bureau of Investigation in the Philippines Tuesday arrested four Nigerian nationals in Muntinlupa country for his alleged involvement in an international syndicate hacks and siphons funds from banks.
According to the NBI, have been traced transactions fraudsters when they hacked a system from a bank in the Philippines, where at least P100 million was transferred and channeled into another account.
"NBI Cybercrime Division Chief Vic Lorenzo said. "The international syndicate is complicated .. the point that they are studying the defects of the system. Once they see a weakness, they will take advantage of this "
One of the suspects’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amounting to at least P2 million, which was supposedly for tuition.
Blank ATM cards and bank receipts were confiscated from the suspects.
The Nigerians denied the allegations, citing that they were in the country to study and that they know nothing about the hacking incident. The funds withdrawn were donations from a Nigerian student community, one of them said.
The NBI said the Nigerians violated the Access Device Law, Anti-Cybercrime law and falsification of public documents.
Source: ABS CBN News
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