Bankers started talking close a novel withdrawal system for funds stolen yesteryear hackers. This time, the attackers decided to role a legitimate machinery — when bailiffs remove coin on the writ of execution for previously recognized debts for payment of legal services.
The presence of a novel fraudulent system was confirmed inwards the largest Banks, where they equally good noted that the attackers connected lawyers together with writs of execution to the withdrawal process.
The whole system begins alongside a conditional theft of funds from a corporate client, during which a commutation of details is used. The aim of the hackers is to transfer coin into the trouble concern human relationship of an patently non-operating company.
Usually, alongside this method, the customer notifies the Sender’s Bank of the theft, together with that, inwards turn, notifies the Beneficiary’s Bank, which leads to the freezing of funds.
The bailiffs post an absolutely legal writ of execution, according to which the stolen sum is required to pay the a one-day companionship debt that allegedly did non pay for legal services.
At the same time, according to the documents, the coin requires a legitimate Law theater conducting existent business. Thus, the Bank is forced to transfer funds inwards the framework of enforcement proceedings.
According to the instance of the credit institution, the writ of execution is prepared inwards advance, long earlier the theft. What is the most advantageous inwards this province of affairs for hackers? The Bank is non able to turn down to transfer funds, fifty-fifty if in that place is a proficient agreement that the coin is stolen.
