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Barclays Cyber Theft £1.3 million stolen

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Barclays Cyber Theft £1.3 million stolen

Post  Panda on Fri 20 Sep - 9:09

Barclays Cyber Theft: Arrests After £1.3m StolenEight men have been arrested after a gang stole more than £1m from Barclays by taking control of one of the bank's computers.8:53am UK, Friday 20 September 2013 Much of the £1.3m stolen from Barclays has been recovered
EmailEight men have been arrested after a gang stole more than £1m from a high street bank by taking control of one of its computers.

The money was stolen from a Barclays branch in Swiss Cottage, London, earlier this year, using a device known as a "keyboard, video and mouse" (KVM) switch.

The hardware, which can be purchased online for as little as £10, allowed the gang to transmit the contents of the computer's desktop and take control of the machine remotely.

It is believed the device was installed by a man who pretended to be an IT engineer to gain access to the branch.


A KVM device similar to the one used to steal money from Barclays accounts

Some £1.3m was withdrawn from accounts, although much of the money has since been recovered.

Detective Inspector Mark Raymond, of the Metropolitan Police's Central e-Crime Unit, said: "Those responsible for this offence are significant players within a sophisticated and determined organised criminal network, who used considerable technical abilities and traditional criminal know-how to infiltrate and exploit secure banking systems."

The men, aged between 24 and 47, are currently in custody at various police stations in London.

Thousands of credit cards and people's personal data were seized following searches at properties in Westminster, Newham, Camden, Brent and Essex, including one described by detectives as a control room for the Barclays theft.

The arrests come after four men appeared in court accused of a failed attempt to take control of computers at a Santander branch in southeast London, again using a KVM device.

Police said they foiled a "very significant and audacious cyber-enabled offence" that would have cost the bank millions of pounds.

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Re: Barclays Cyber Theft £1.3 million stolen

Post  Badboy on Sat 21 Sep - 1:36

IT IS REPORTED THAT THERE WERE OVER 4,700 CYBERATTACKS PER BANK LAST YEAR,YOU CAN BUY A BIT OF EQUIPMENT TO HELP YOU DO CYBERATTACKS AT ANY COMPUTER SHOP.
THE MR BIG BEHIND THE OERATION APPEAR TO HAVE BEEN ARRESTED.

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Re: Barclays Cyber Theft £1.3 million stolen

Post  Panda on Sat 21 Sep - 7:46

Badboy wrote:IT IS REPORTED THAT THERE WERE OVER 4,700 CYBERATTACKS PER BANK LAST YEAR,YOU CAN BUY A BIT OF EQUIPMENT TO HELP YOU DO CYBERATTACKS AT ANY COMPUTER SHOP.
THE MR BIG BEHIND THE OERATION APPEAR TO HAVE BEEN ARRESTED.
Seems that "safe as a Bank" doesn't apply any more Badboy. Bank Managers are so involved in making money and paying themselves huge profits they
don't care about security for their Customers.

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Re: Barclays Cyber Theft £1.3 million stolen

Post  Badboy on Sat 21 Sep - 21:55

Panda wrote:
Badboy wrote:IT IS REPORTED THAT THERE WERE OVER 4,700 CYBERATTACKS PER BANK LAST YEAR,YOU CAN BUY A BIT OF EQUIPMENT TO HELP YOU DO CYBERATTACKS AT ANY COMPUTER SHOP.
THE MR BIG BEHIND THE OERATION APPEAR TO HAVE BEEN ARRESTED.
Seems that "safe as a Bank"  doesn't apply any more Badboy. Bank Managers are so involved in making money and paying themselves huge profits they
don't care about security for their Customers.
EXACTLY,ITS SECURITY HAS GONE DOWN THE LIST OF PRIORTITIES

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Re: Barclays Cyber Theft £1.3 million stolen

Post  Badboy on Sun 14 Dec - 0:35

LAST YEAR THERE WERE 519MILLION FINANCIAL CRIMES COMMITTED ONLINE.

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Re: Barclays Cyber Theft £1.3 million stolen

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