Feeds

Cyber cops foil £220m Sumitomo bank raid

Israeli man arrested over thwarted heist

  • alert
  • submit to reddit

Security for virtualized datacentres

A hi-tech bid to steal £220m ($423m) from the London offices of the Japanese bank Sumitomo Mitsui has been foiled by police. A gang of cyber crooks compromised Sumitomo's computer systems in October 2004 prior to an unsuccessful attempt to transfer money to a series of 10 accounts overseas, the FT reports.

Yeron Bolondi, 32, was arrested by Israeli police on Wednesday after an attempt to transfer £13.9m to a bank account in the country. He has been charged with money laundering and deception. The plan was thwarted before any cash was transferred, the BBC reports.

Takashi Morita, head of communications at Sumitomo in Tokyo, told the Press Association that the bank had not suffered any losses as a result of the attempted heist. "We have undertaken various measures in terms of security and we have not suffered any financial damage," he said. Details of how the bank's systems were compromised remain sketchy though several reports implicate the use of key logging software as part of the plot.

A spokeswoman for the National High-Tech Crime Unit declined to comment on its ongoing investigation into the attempted robbery of Sumitomo.

A spokesman for the bank in London declined to say anything, other than the attempted raid was "a complete failure". ®

Related stories

Banks brace for cashpoint attack
Trojan targets UK online bank accounts
The Wells Fargo example
Crooks harvest bank details from Net kiosk
UK police arrest 12 phishing mule suspects
Computer crime sentences are not good enough

Secure remote control for conventional and virtual desktops

More from The Register

next story
NASTY SSL 3.0 vuln to be revealed soon – sources (Update: It's POODLE)
So nasty no one's even whispering until patch is out
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
Forget passwords, let's use SELFIES, says Obama's cyber tsar
Michael Daniel wants to kill passwords dead
FBI boss: We don't want a backdoor, we want the front door to phones
Claims it's what the Founding Fathers would have wanted – catching killers and pedos
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.