Barclays employee helps cybercriminals to £1.25 million haul

20 February 2014

Cybercriminals who helped to steal £1.25 million from Barclays were assisted by an employee who attached malicious hardware to a branch computer, it has been claimed

Southwark Crown Court has heard how the man connected a keyboard video mouse device to a computer at the Swiss Cottage branch of Barclays in April last year, which enabled the gang to access the branch's computers remotely.

After then using the defendant's login details to access the central system, the gang made a total of 128 transfers from six business accounts, which enabled them to steal £1.25 million in a single day.

The various sums of money taken in the attacks totalled less than £10,000 each time to avoid suspicion, and were taken from bank accounts including those of the University of Portsmouth and London Metropolitan University.

The money was transferred to around 40 beneficial accounts, though police have so far only recovered £543,000 - around half of the money taken.

 

By Claire Archer

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