Chance of a Thunderstorm
Weather for San José:
High 28° / Low 20°
Chance of a Thunderstorm
Click here for six-day forecast for 16 communities across Costa Rica!
CLICK HERE TO
SIGN UP FOR OUR FREE DAILY NEWSLETTER
BUY
529.75
SELL
541.75
BUY
588.18
SELL
612.18
BUY
402.35
SELL
426.36
Banco BAC
Banco BCR
Banco Nacional
Banco Popular
Banco Scotiabank

Hacker Alters Private Bank Exchange Rate to Steal ¢200 Million

Share this article

Computer Hacker Costa RicaA computer hacker was able to alter the online system of a private bank in Costa Rica to buy and sell dollars at extreme exchange rates, making away with more than ¢200 million colones (US$400,000 dollars) over a period of four months.

Francisco Segura, head of the Organismo de Investigación Judicial (OIJ), explained that the hacker, who had an account with the bank, was able to change the exchange rate and deposit the amounts to accounts of friends (who were aware of the theft) and who later made withdrawals in small amounts to deter detection.

Leticia Arguedas, a manager at the Colombian bank Davivienda, explained that the hacker was able to change the exchange rate from, for saying, 493 colones to one dollar to 4,390,000 colones and could exchange one colon to US$10,000 dollars. Using the method the hacker was able to steal from the bank millions of colones in just a few transactions.

According to Davidienda, the security breach occurred between August and November last year, and that the case was an isolated one, no customer accounts were compromised.

Earlier this week OIJ officials were able to identify the hacker and on Thursday, in a series of raids in Heredia, Alajuela and La Uruca de San José, detained the principal suspect, a 25 year old man identified by his last name Lopez and several accomplices.

Computer fraud in Costa Rica is sanctioned with up to 10 years in prison.

Article by QCostaRica.com

Print Friendly
Hacker Alters Private Bank Exchange Rate to Steal ¢200 Million
0 votes, 0.00 avg. rating (0% score)

Related Articles

Now Hiring: Hackers in Costa Rica

If you own or otherwise manage a website or computer network in Costa Rica, you may want to ensure that...

US Offers $3 Million Reward to Detain Russian Hacker

The United States is offering a $3million reward for information on a Russian hacker charged with...

Should You Worry About the End of Windows XP in Costa Rica?

If you believe the dreadful warnings released over the last few weeks by software behemoth Microsoft,...

Yes, There Really is a School for Hackers in Costa Rica

At a boutique hotel in the picturesque beach town of Playa Carrillo, province of Guanacaste, a group...

Popular Content