24 January 2017
visit http://www.wolterskluwerfs.com

Lloyds employees stand trial over alleged £2m cyber-fraud

24 April 2014  |  5772 views  |  0  silhouette business man walking with suitcase

Three Lloyds Bank employees installed devices on colleagues' computers to gain remote access to systems and steal more than £2 million, the Old Bailey has heard.

According to the Oxford Mail, Tai Hulbert-Thomas, Neil Bautista and Mawli Thurairajah are accused of placing "USB mouse, keyboard and mass storage" devices on computers in three Halifax branches.

"The device allowed remote access into the secure banking systems that led to fraudulent transfers being made by the criminal group, causing significant loss to the bank," prosecutor James Thacker told the court.

Between them, the three men are accused of making transfers of just over £2 million between July and September 2012, although the loss to the bank was only £440,000.

The scam was uncovered when the manager of one of the affected Halifax branches flagged a suspicious transaction and an internal investigation discovered the rogue hardware.

The three men are charged with making fraudulent payments. They deny the charges. The trial continues.

The case echoes recent attacks on Barclays and Santander. Last month members of a criminal gang were found guilty of attaching keyboard video mouse devices to branch computers so that they could remotely control accounts and steal £1.25 million.

Today, nine members of that gang were sentenced to a total of 24 years and nine months imprisonment.

Update: The case against Mawli Thurairajah was dropped in December 2014 and he has been cleared of any wrong-doing.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Barclays cybercrime gang members convicted

Barclays cybercrime gang members convicted

14 March 2014  |  6009 views  |  0 comments | 4 tweets | 2 linkedin
TSB chief uses Twitter to blame HP server for IT meltdown

TSB chief uses Twitter to blame HP server for IT meltdown

27 January 2014  |  8315 views  |  5 comments | 12 tweets | 8 linkedin
Police arrest eight over £1.3m Barclays branch cyber-theft

Police arrest eight over £1.3m Barclays branch cyber-theft

20 September 2013  |  7987 views  |  0 comments | 8 tweets | 7 linkedin
12 arrested over multi-million pound Santander cyber-heist plot

12 arrested over multi-million pound Santander cyber-heist plot

13 September 2013  |  6228 views  |  0 comments | 4 tweets | 7 linkedin
Halifax worker arrested over £700k theft

Halifax worker arrested over £700k theft

16 August 2012  |  5987 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit wavestone.co.ukhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
10277 views comments | 60 tweets | 53 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
7017 views comments | 22 tweets | 23 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6183 views 0 | 3 tweets | 3 linkedin
New York regulator blasts OCC over bank charter plan for fintech firmsNew York regulator blasts OCC over bank ch...
6182 views comments | 21 tweets | 15 linkedin
China's Ant Financial goes global in bid for two billion users in 10 yearsChina's Ant Financial goes global in bid f...
5632 views comments | 22 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job