London cyber criminals face jail over Natwest fraud

Asavin Wattanajantra reports:

London-based cyber criminals face jail after siphoning off £600,000 from bank customers with a trojan virus.

According to a report in the West Sussex County Times, the criminals used a trojan to infected computers, which waited until a user logged onto an account and then slithered its way into online cash transfer procedures.

Shown a page with a faked Natwest logo and a message that it was an additional security measure, victims would be persuaded to type in passwords, PIN numbers and telephone numbers.

The virus would allow users to continue normally, but was secretly creating new payee details to siphon the cash into mule accounts, and then to Eastern Europe.

According to the report, 138 customers were affected with £600,000 transferred. Natwest managed to recoup £140,000 after the scam was uncovered.

Read more on IT Pro.

Thanks to Brian Honan for this link.

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