Dozens of Chinese Hackers Arrested

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At least 17 hackers have been arrested for stealing 1.55 million yuan ($239,000) from China's online shopping site by hacking into it...


At least 17 hackers have been arrested for stealing 1.55 million yuan ($239,000) from China's online shopping site by hacking into its financial accounts.

The suspects are from 12 provinces in China, all between the ages of 16 and 20, and are members of an internet chat group that discusses and shares information about online security gaps.

The report did not identify the website, but according to a report in Linyi, Shandong province, China eastern explain exactly how the group operates, but an unnamed manager is quoted as saying that they record activity levels were unusually high before the money is gone.

"A large sum of money is stored on the site and then withdrawn, at its peak, there are over 100 million yuan," the man said. When the activity level returns to normal, it is clear that a deposit worth 1.55 million yuan has been lost.

The incident occurred in April last year and the arrests were made in August, but the report was revealed later this week. The suspects collaborate in theft, with each steal with a different amount. The largest single catch amount is 150,000 yuan.

The Chinese embassy issued a warning after a dozen victims suffered stolen money while flying to Prague.

After a three-month investigation, police took 800,000 yuan of stolen money that had been transferred to a private account owned by more than a dozen different banks.

The report said that the funds taken were returned to the website, but did not say what had happened to the rest of the money.
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Fishy Security Lab Blog | Information Security News Blog: Dozens of Chinese Hackers Arrested
Dozens of Chinese Hackers Arrested
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