Moroccan Bank Cybercrime: $4.2 Million Stolen from Crédit du Maroc Accounts

Computer pirates are said to have taken possession of no less than 42 million dirhams from an account opened in an agency affiliated with Crédit du Maroc (CDM) in Tangier. These operations were carried out between last Thursday and Friday, reports Assabah, adding that the movements of the diverted funds were detected on a bank account in Inzegane. To succeed in their plan, the perpetrators withdrew these funds after exploiting confidential data from a company whose account is domiciled in a bank agency in Tangier.

The modus operandi of the hackers consists in creating a fictitious company and opening a bank account in Inzegane, before proceeding with the withdrawals by accessing the computer data system and exploiting the confidential information of the victim company to carry out the transfers.

Currently, the elements of the national brigade in charge of