Gang arrested for hacking and stealing from exchange companies

The Dubai police has arrested three people allegedly belonging to a crime gang that managed to steal nearly $2 million from Dubai exchange companies with the help of hackers.

The hackers have broken into the email accounts and computer systems of a number of Dubai-based companies and have stolen information that allowed the gang to transfer money from company accounts.

According to Gulf News, two Asians were tasked with creating fake companies on the Internet, providing their bank accounts, and transferring the money

Most of the money would ultimately be sent to bank accounts outside the country, controlled by one D.Q. from Africa – the mastermind of the scheme – who served as a mediator between the gang members. After his arrest, he admitted that he participated in other similar scams.

The Dubai police is working with Interpol to arrest other gang members that reside in several African countries.