Four Nigerians Have Been Arrested For Hacking A Bank In Philippines | Watch Video

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Four Nigerians arrested in the Philippines for their alleged involvement in an international syndicate that hacks and siphon funds from banks

According to reports by Cbbloggh, they study the system and figure out its weaknesses and take advantage of it.

The fraudsters, Nigerians – transactions were traced when they hacked a system of one Philippines bank, where at least P100 million were transferred and funneled into a different account.

The international syndicate is complicated to the point that they study the system’s flaw.

Once they see a weakness, they will take advantage of that

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.

Bank cards and bank receipts were confiscated from the suspects

Below is the video

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Four Nigerians arrested in Philippines for their alleged involvement in an international syndicate that hacks and siphon funds from banks "The fraudsters, Nigerians – transactions were traced when they hacked a system of one Philippines bank, where at least P100 million were transfered and funneled into a different account. The international syndicate is complicated to the point that they study the system’s flaw. Once they see a weakness, they will take advantage of that,” the statement reads. “One of the suspects’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amonting to at least P2 million, which was suppossedly for tuition. Bank cards and bank receipts were confiscated from the suspects.”

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