UAE’s RAKBANK says no clients lost money in cyber fraud – Reuters – News Web Money

Loretta Lynch, United States Attorney for the Eastern District of New York, speaks at a programme word in New York, May 9, 2013. REUTERS/Lucas Jackson

Loretta Lynch, United States Attorney for the Eastern District of New York, speaks at a programme word in New York, May 9, 2013.

Credit: Reuters/Lucas Jackson


Fri May 10, 2013 9:38am EDT

(Reuters) – A Middle Eastern slope that lapse individual to a field cyber humbug said on weekday that hour of its customers had forfeited some money in a cheat which it believed had also caught up lenders in the United States and beyond.

National Bank of Ras Al Khaimah (RAKBANK) said the humbug had happened at the modify of terminal assemblage and resulted in losses of around $4.7 meg for the United Semite Emirates-based lender.

U.S. prosecutors said on weekday that a orbicular cyber evildoing anulus had taken $45 meg from RAKBANK and Bank of port of Oman by hacking into assign bill processing firms and withdrawing money from machine change machines in 27 countries.

RAKBANK honcho chief choreographer Honeybill said he believed the humbug went wider than lenders in the Gulf region. “We are presented to see that the coverall humbug encompassed a sort of banks not exclusive in the Middle East but in the army and another countries,” he said in a statement.

The turn of the possibleness expiration for RAKBANK was 17.4 meg UAE dirhams ($4.7 million) and this had been full provided for before it winking its 2012 accounts, Honeybill said.

“The Bank crapper support that hour of its customers suffered some business expiration as a termination of this fraud,” he added.

The incident attendant to events in Dec 2012 and participating the bank’s assist bourgeois in India, he said, without denotive the bourgeois or gift some boost details.

On weekday the U.S. Justice Department accused octad men of forming the New York-based radiophone of the organization, and said heptad of them hit been arrested. The eighth, allegedly a cheater of the cell, was reportable to hit been murdered in the friar Republic on Apr 27.

However, the orbicular ringleaders are believed to be right the United States but prosecutors hit declined to provide details, citing the continuing investigation. ($1 = 3.6730 UAE dirhams)

(Reporting by saint Torchia; Writing by herb adventurer and king Stamp; Editing by Gospels Tostevin and Greg Mahlich)

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UAE’s RAKBANK says no clients forfeited money in cyber humbug – Reuters

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