São Paulo Civil Police have arrested a fraudster who asked for cryptocurrencies as payment for alleged stolen data for Banco Pan. This financial institution, based in the state of São Paulo, reported that it is cooperating with authorities in the matter.
This is yet another civilian police operation in less than a week as the ‘Cryptowhite’ operation was launched last Tuesday (19) at a R$657 million plan.
However, the new scheme under investigation by PCSP brought agents to Minas Gerais state to execute warrants. The matter is still under investigation by the authorities.
Civil police arrest embezzler who asked for cryptocurrencies from Banco Pan
Police officers from the State Department of Criminal Investigations (DEIC) took to the streets last Monday and issued six search and seizure warrants against a group of website intruders. According to the police, they are called “Swives”.
The main action took place in the city of São João Del Rey, in Minas Gerais (MG). On the spot, a scammer was arrested by authorities on suspicion of involvement in blackmail against Banco Pan, which demanded cryptocurrencies.
“The group attempted to blackmail a financial institution by claiming to have obtained customer data. The mining civilian police teams supported the actions.”
The case has been investigated by the PCSP’s cybercrime department for 14 days, according to the police. And it all started when Banco Pan representatives began to be blackmailed by alleged system intruders, who promised to disclose system vulnerabilities and customer data.
To avoid this disclosure, the scammer demanded $1 million worth of cryptocurrencies. With the investigation, PCSP identified the suspect in the mining town and took steps to conduct searches.
Captured Electronic Devices
In a statement, the civil police said that the action with the suspect has captured several electronic devices, which are already being analyzed to look for evidence and digital evidence of the crime. So new arrests and operations
“Justice issued search and seizure warrants and police collected electronic devices. The material is analyzed to characterize the evidence and the digital evidence. An investigation continues to identify other involved.”
Banco Pan has launched a campaign on its social networks to warn its customers about fake support services, indicating that the problem is not so new for the institution. This institution has attracted attention, with advertisements featuring celebrities such as Luciano Huck and Jojo Todynho.
🚨 Beware: Fake Profiles Imitate PAN!
Our service is only done through official channels that have a verification seal. pic.twitter.com/xloMMIrPvo— Banco PAN (@bancopan) February 15, 2022
In a public note, the bank noted that the hacked systems reside on a third-party technology platform, which is only responsible for serving card customers. Nevertheless, the investigations are being followed by the bank, which is helping the police solve the case.
With shares listed on the exchange, Banco Pan (BPAN4) is 69.8% controlled by BTG Pactual, which bought it in 2011 from Grupo Sílvio Santos, with 30.2% available for trading on B3.
What does Banco Pan say?
THE live coins Banco sought out Pan to better understand the matter, who responded by sending a note about the operation.
“Banco PAN, together with the competent authorities, is following up the investigation into the recently discovered weakness in a technology supplier’s platform, used in the Customer Service Center for the card segment.
The PAN confirms that there was no compromise on the current account, system unavailability or invasion of the bank’s infrastructure. However, exploiting the vulnerability allowed for unauthorized copying of registration details, available card limit and billing balance, without revealing full card numbers, passwords or other details that pose a direct financial risk to the customer and the bank.
Information security is currently a priority for the bank and we are available for any clarification on our service channels or on the “privacy request” platform, which is located in the bottom menu of the official PAN website: www.bancopan.com.br. †
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
