Ahh, the joys of handing your sensitive information to some company outside the United States. I have an idea, lets give Social Security numbers, bank account access and enough information to steal millions of people's identities to a country that has a massive amount of poor people.

I expect to see many more incidents of things like this.

Times of India

They allegedly transferred a total of Rs 1.5 crore (US $3.5 lakh) from a multinational bank into their own accounts, opened under fictitious names. The money was used to splurge on luxuries like cars and mobile phones.

Twelve people, including the alleged mastermind, have been arrested. The police are trying to determine the extent of the scam and whether the accused committed such crimes earlier.

... police sources said some of those arrested were employees of Msource, Kalyaninagar. Police sources said the alleged mastermind, Ivan Samuel Thomas (30) of Sangamnagar, Old Sangvi, who claims to be an MBA degree holder, is an exemployee of Msource.

...

According to the police, Thomas, who worked in the callcentre for six months before quitting the job in December 2004, had the secret pincodes of the customers’ e-mail IDs, which were used to transfer money. In January, he roped in his friends and transferred money from four accounts of the bank’s New York-based customers into their own accounts, opened under fictitious names.

The money was transferred to the accounts on February 22, March 23 and March 31. The amount was later withdrawn by cheques drawn in their (accused’s) names or on the names of other people. The customers, from whose accounts the money had been withdrawn, alerted the bank officials in the US, after which the crime was traced to Pune.

Tipped by: Slashdot