It was recently revealed that there has been the arrest of four people in Philippines. This has been regarding a scam done by them which cost about $2 million. They apparently transferred the sum of money from the AT&T towards a bank account owned by a terrorist group from Saudi.

It was further revealed that these hackers have been arrested after an investigation by the Philippines Criminal Investigation Group and the FBI.

It was revealed by Samuel D Pagdilao the Police director, that these men have been arrested from Manila, and their equipment that included telecommunication material and computer have been sealed by the police. The names of these people have been revealed to be Paul Michael Kwan, 29, Francisco Manalac, 25, Macnell Gracilla, 31, and Regina Balura, 21.

It has been revealed by the FBI that a paper trial of the transactions of the bank has been unraveled in the terrorist cell in Saudi.

These hackers have previously also been involved in terrorist activities. This isn’t the first time there has been an unscrupulous online transfer of money which has resulted in the breach of security. Online money transactions have become so easy and accessible that there is a lot of cyber crime happening around the world.

There is need for stricter rules and guideless to be set in order to make cyber transactions safer for people. It is also essential that these regulations are laid, so that there is no breach in security and the conditions remain favorable for the people indulging in internet trading.

Hacking has led the firm into huge loses and there is need for making cyber transactions safer for the vendors as well as the users. It is essential to lay stricter firewalls and make internet safer.