Sunday, October 28, 2007

UK: Online Raiders Fool Banks Into Handing Over Customers' Details

Adam Fresco writes on The Times Online:

A gang of online bank robbers that has taken over the accounts of at least ten people and stolen hundreds of thousands of pounds is being hunted by an anti-fraud unit.

The gang hacked into private bank accounts and used private details to order new debit and credit cards which it then used to buy expensive jewellery, electronic goods and euros.

The gang managed to get enough information about one victim to have £60,000 transferred from his mortgage reserve account to his current account, which it then spent.

Barclays Bank managed to intercept much of the fraud and is believed to have stopped at least £500,000 being stolen from clients. But officers from the Dedicated Cheque and Plastic Crime Unit say that there may be many more victims.

More here.

(Props, Flying Hamster.)

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