28 November 2015

Barclays cybercrime gang members convicted

14 March 2014  |  5250 views  |  0 Barclays branch sign

Members of a criminal gang which attached devices to bank branch computers so that they could remotely control accounts and steal £1.25 million, have been found guilty.

Southwark Crown Court heard how last year the gang connected keyboard video mouse (KVM) devices to computers in three different bank branches - two belonging to Barclays and one to Santander.

In the first Barclays raid in April the crooks managed to make 128 transfers from six business accounts, stealing just over £1.25 million. In a second Barclays attack in July £90,000 was stolen.

However, when the gang set its sights on a Santander branch in September, the Met police swooped on an address from where transfers were being made, making multiple arrests and recovering computers that were logged into the KVM and Santander bank accounts.

Members of the gang also used around 500 stolen and intercepted debit and credit cards to splurge more than £1 million, buying £30,000 Rolex watches, high-value jewellery and electrical equipment such as Apple Mac computers and iPads.

Yesterday two men - Lanre Mullins-Abudu and Steven Hannah - were found guilty in connection with the case, joining 11 others who had earlier pleaded guilty.

A Barclays employee, Duane Jean-Jacques, accused of being an inside man, was found not guilty of conspiracy to steal and concealing criminal property.

ACPO national cyber crime lead, Deputy Chief Constable Peter Goodman, says: "We know that criminals are continually looking to exploit new innovation to commit these offences against our financial institutions, businesses, public sector organisations and even individual members of the public, but we are also keeping pace with advances in technology-enabled crime."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 February, 2014
20 September, 2013
13 September, 2013

Related company news


Who is commenting?

Finextra Member Commented on: EPC publishes proposal...
Finextra Member Commented on: EPC publishes proposal...

Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
7769 views comments | 34 tweets | 41 linkedin
BNP Paribas to test contactless payment di...
6075 views comments | 17 tweets | 25 linkedin
Former Barclays chief forecasts massive jo...
5909 views comments | 27 tweets | 30 linkedin
Hilton confirms data breach
5356 views comments | 11 tweets | 17 linkedin
Alternative payment methods challenge plas...
5198 views comments | 21 tweets | 23 linkedin

Featured job

Competitive Package
New York City, NY

Find your next job