A 25-year-old man was arrested by the cyber crime department of Maharashtra Police on Monday for allegedly siphoning money from several persons' online payment accounts.
Munna alias Fashiuddin Ansari was arrested from Milind Nagar locality in suburban Ghatkopar.
A trader from the city had complained that on August 20 and September 20, Rs 50,448 were withdrawn from his Paytm account by unknown persons.
During the probe, cyber police found that Ansari was the culprit and he had stolen Paytm account passwords of several traders and fraudulently withdrawn money.
A Paytm spokesperson said, "We have received information about a contractor who allegedly has copied merchant's credentials while the merchant was typing password and misused it for personal gain. We would like to put on record that this person is not an employee of Paytm. We are cooperating with Maharashtra Cyber Police to provide them the required information and we are extending our full support to the investigation."
Customers of all payment banks should not give away confidential information and change passwords regularly, the cyber police said in their release.
