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Engineering graduate arrested for hacking into software, selling it on the black market | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker

An engineering graduate was arrested by cybercrime cops in Karnataka for allegedly selling software developed by a private company through hacking and piracy. The accused has been identified as Aravinth Samy R, a resident of Trichy in Tamil Nadu. A civil engineer by training, Aravinth was arrested from Tamil Nadu by the Karnataka Police on July 17 and taken into custody for nine days. An FIR has been lodged under IPC section 420 (Cheating and fraud), IT act of 2008 (U/S – 66,66(B)).

The software in question was made by a company named BellTPO. The comany was developing this software, related to the stock market, from Banashankari II stage in Bengaluru. The accused is alleged to have obtained a “cracked version of (the) BellTPO software” and sold it to 80 people for Rs 6,000 each.

The arrest took place after Vinod Bellamkonda, chairman and co-promoter of the company, who came to know about this through one of his customers lodged a complaint with the South CEN police station of the southern division on July 14. Speaking to Republic, Bellamkonda said, “We are a company which offers software related to (the) stock market. Our products are copyrighted. We came to know about the fraudster through another customer as he was selling the product at a lower price.”

“We got to know it was a pirated one after we ran it throught the regular process of license checks. We have suffered losses to the tune of over a crore,” Bellamkonda said.

What does the software actually do?

The software from BellTPO includes Bell Market Profile Pro, priced at Rs 16,750 and the Bell Order Flow Pro, priced at Rs 54,000. These software products are specifically tailored to meet the needs of active traders and provide tools for visualising market activities.

How did the cops nab the accused?

Karnataka cops tracked the accused’s GPS through his phone number which pointed to his location. Subsequently, a team led by SI Deepak and supervised by IO Manjunath went to Trichy and arrested the accused within 72 hours after the complain was lodged.

Police say that during investigation the accused has revealed that he sold the product through a third party website to 80 customers. Cops further say that the accused was also selling pirated software belonging to foreign companies in India. The investigation is still on.

Ethical hackers warn customers to be careful, buy original software

Febin James, an IT expert speaking to Republic, said, “They don’t duplicate the software but buy an original application and then the hackers bypass the licensing mechanism. Also it is done in such a way that the same version can be used by multiple people and is sold at a much cheaper price. The company which build these software face immense losses. Buying pirated software puts the user at risk as well as his credentials will not remain secure on a pirated software and one should exercise caution.”


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Published: August 03, 2023 02:17 IST


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