UCO Bank and Axis ATM heists in India may seem like minor incidents, but they have just got a giant breakthrough. “Jija Sala” duo – Suresh Singh and Ateequlla Sheikh – thought they had found the perfect hack to loot Indian public money in these two attempts. However, thanks to incredible work by Hyderabad-based cyber-squad, Telangana Special Task Force(TSTF) – the truth is finally being uncovered.
Reports state that Sheikh and Singh gained unauthorized access by cracking the cash management system by compromising the One-Time Password and ATM card detail of the ATMs.
1. August 2011 – UCO Bank ATM breach
To gain access Suresh Sing (Jijasa) forged ATM cards utilizing duplicate card printer to withdraw amounts below ATM account balance limit (<20,00,000.) Forged one time password as an ATM withdrawable amount & successfully withdrew millions.
August 2010 - AxisBank ATM breach in Viziana & Hyderabad city, India They took advantage during system maintenance as system was restarted; they cloned cash cards which contained the Axis bank account by cloning the main cards. ATEEQ SHIEKH utilized ATM card which allowed him as much as two hours to siphon lakhs of crore cash from more than 350 accounts.Daiji, News,India Today,ABP News 8, Outlook News, Financial Times, PTI,The New Indian The Telangana STF officers identified the clues & arrested Sheik and Sheikh and SinghAteeQ SHIEkhSinger of the music 'Jije Saala''Atee ShikhHyderabad-based group and the UCO Bank cash theft case began, and subsequently discovered the trail in the stolen amount. From August 23 to 18 of 4 years, They went on on August 2004, stealing and stealing up to 19 19 August of 27 days. Total losses were: - 43 million 22 22 USD & 42,000 The loss was substantial but the truth revealed.Two weeks after TSTF announced its success (success) On June 31st, (30) months. The story went viral since there were still pending cases about a year-and-a-half left on the heels.