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
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Games on Sale!

Save up to 60% on selected games. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

OLX Free Classifieds [change area]

Horoscopes
Aquarius
Aquarius

Love is in the air and it is swirling around you in a romantic mist. This may be an idealistic yearning for that perfect love or...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.