Mumbai, Oct 19 (PTI) 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.

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A trader from the city had complained that on August 20 and September 20, Rs 50,448 were withdrawn from his Paytm account by unknown persons.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police found that Ansari was the culprit and he had stolen Paytm account passwords of several traders and fraudulently withdrawn money.

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Customers of all payment banks should not give away confidential information and change passwords regularly, the cyber police said in their release.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)