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Hacker escapes with cash haul from DBS Bank online accounts - Reuters

05 July 2002  |  8771 views  |  0 cash escaping

Reuters is reporting that a Chinese computer hacker succeeded in transferring and withdrawing thousands of dollars from online bank accounts held at Development Bank of Singapore.

The Reuters report says that DBS Bank discovered last week that a hacker had siphoned off amounts ranging from S$200 to S$4,999 after a customer complained about missing funds.

Online fund transfers at Southeast Asia's largest bank are usually capped at S$5,000 per day. A DBS spokeswoman told the news agency that a Chinese national shifted S$62,000 from 21 online bank accounts into his own account on June 19 in about an hour.

"He went to one of our branches and withdrew the money," she is quoted as saying. "After withdrawing, he went off, he left the country."

Police believe the culprit crossed the bridge that links Singapore to Malaysia.

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