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Finnish security exec arrested over bank hack

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The data security chief at the Helsinki branch of financial services firm GE Money has been arrested on suspicion of conspiracy to steal €200,000 from the firm's online bank account. The 26 year-old allegedly copied passwords and e- banking software onto a laptop used by accomplices to siphon off money from an unnamed bank.

Investigators told local paper Helsingin Sanomat that the suspects wrongly believed that the use of an insecure wireless network in commission of the crime would mask their tracks. This failed when police identified the MAC address of the machine used to pull off the theft from a router and linked it to a GE Money laptop. Police say that stolen funds have been recovered. Four men have been arrested over the alleged theft with charges expected to follow within the next two months. ®

Internet Security Threat Report 2014

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