Thursday, March 5, 2009

High Tech Bank Robbers Guilty

The BBC has an article about a gang who planned to steal GBP 229 million by making fraudulent electronic transfers from the computers at Sumitomo Mitsui bank in London.

The gang installed key logging software on the bank's computers to gather userids and passwords necessary to transfer funds. But:
The "bold and sophisticated" plot was only foiled at the 11th hour by the complexities of inter-bank money transfers, the court heard.
An older BBC article has more details.

Followup: The Register also has an article which focuses on how the gang was caught.

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