100,000 XRP stolen from 56-year-old man after Australian woman gains access to his email IDOctober 25, 2018
Another cryptocurrency theft has resulted in an Australian woman’s arrest after she allegedly stole more than $45,000 worth of XRP. According to a local news channel, the 23-year-old was captured in her residence by the authorities. Cybercrime Squad detectives had recently established Strike Force Rostrevor to investigate the theft of the 100,000 XRP from the 56-year-old man.
According to the post, the victim believed that his email account was hacked a month prior to the actual theft taking place. Following this, he was allegedly locked out of his account for two days in mid-January 2018.
After regaining control to his email account, the victim realized that his cryptocurrency account had been compromised and most of his XRP was stolen.
According to the New South Wales police force, an extensive investigation led to the Strike Force Rostrevor detectives producing a search warrant at the 23-year-old woman house in Epping, England. The woman was taken to Ryde Police Station, where she was charged for her crime.
According to authorities, the woman had allegedly got access to the 56-year-old man’s email account and changed the password. The woman then added a mobile number as the second mode of authentication on the account.
The convict later got access to the old man’s cryptocurrency account and transferred around 100,000 XRP into a Chinese cryptocurrency exchange. The stolen XRP was later converted into Bitcoin.
Detective Superintendent Arthur Katsogiannis, a Cybercrime Squad Commander, stated that email accounts were very valuable and scammers were frequently targeting emails.
According to the detective, valuable information saved in sent items or the trash will be used by scammers to steal the identity of an individual and in turn, get access to their finances.
He further stated that just like how individuals were taught to shred documents and lock their mailboxes, they should ensure that email accounts which are linked to financial accounts should have a minimum two-factor authentication. He added:
“Your personal information is an extremely valuable commodity to criminals and needs be treated and secured as you would treat cash.”
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