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Hacker attack at Sumitomo UK bank fails to fetch 423m USD

Posted by deepquest on March 19, 2005 – 4:13 am

Police in London say they have foiled one of the biggest attempted bank thefts in Britain.
The plan was to steal ?220m ($423m) from the London offices of the Japanese bank Sumitomo Mitsui.
Computer experts are believed to have tried to transfer the money electronically after hacking into the bank’s systems.
A man has been arrested by police in Israel after the plot was uncovered by the National Hi-Tech Crime Unit.

From that they could learn account numbers, passwords and other sensitive information.

Yeron Bolondi, 32, was seized in Israel after an attempt to transfer ?13.9m into an account there.

“We have undertaken various measures in terms of security and we have not suffered any financial damage”

He has been charged with money laundering and deception, but police say their investigation is continuing. His relationship with the gang who tried to break into the network is unknown.

They have issued a warning for banks and businesses to watch out for cyber criminals.

The National Hi-Tech Crime Unit was launched in April 2001 with responsibility for tracking down the growing range of criminals who operate in cyberspace.

more from [url=http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/1/hi/uk/4356661.stm]BBC[/url]


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