Police Arrest HSBC BPO Fraudster in India

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015133-police-arrest-hsbc-bpo-fraudster-in-india/

After some customers complained to HSBC bank about discrepancies in their account statements, an investigation revealed that 24-year old Nadeem Kashmiri, an employee of HSBC Electronic Data Processing India, a BPO firm, leaked confidential customer data resulting in a loss of over US$430K to the bank’s UK-based account holders.

According to a story on TechTree.com, Kashmiri is accused of passing-on confidential information pertaining to certain HSBC customers in the UK that was used to access the bank accounts of the victims through telephone banking services. Impersonating genuine account holders, the fraudsters extracted funds out of these accounts. They also carried out fraudulent transactions through the ATM and debit cards of the victims.

You can read the entire story at Police Arrest HSBC BPO Fraudster.