UK online fraud gang busted

2010-09-29 16:12
London - Police have arrested 19 people on suspicion of taking part in an online fraud that hit thousands of customers of some of the world's biggest banks, a police spokesperson said on Wednesday.

London's Metropolitan Police said £6m was stolen from a number of unnamed major world banks in a three-month period.

The final figure is expected to be much larger as the investigation continues.

Detectives said a criminal gang was suspected of infecting thousands of computers in Britain with malicious software that allowed them to access people's internet banking log-in details.

"We believe we have disrupted a highly organised criminal network which has used sophisticated methods to siphon large amounts of cash from many innocent people's accounts," said Detective Chief Inspector Terry Wilson, from the Police Central e-Crime Unit, based at Scotland Yard.

Trojan virus

The gang is believed to have used a Trojan, a type of computer virus, to capture people's personal details which they then used to transfer money from their accounts, he added.

Police arrested 15 men and four women in co-ordinated early morning raids across London on Tuesday.

They were held under the Computer Misuse Act, Proceeds of Crime Act and the Fraud Act. Two of them were also held on suspicion of possessing a firearm.

Detectives warned internet users to check their online security and said they should take extra steps to avoid a commonly used Trojan known as Zeus.

Read more on:    scotland yard  |  uk  |  cybercrime

SHARE:

Read News24’s Comments Policy

Inside News24

 
/News
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.